Use the following to answer question:
-(Figure: The Domestic Supply and Demand for SUVs in the United States)Use Figure: The Domestic Supply and Demand for SUVs in the United States.Suppose the world price equals $50,000 and there is free trade.The United States would _____ SUVs.

Question

Use the following to answer question: 
-(Figure: The Domestic Supply and Demand for SUVs in the United States)Use Figure: The Domestic Supply and Demand for SUVs in the United States.Suppose the world price equals $50,000 and there is free trade.The United States would _____ SUVs.

Quizplus · Accepted Answer

If the world price is $50,000 and there is free trade, the United States would export SUVs if the domestic supply at that price exceeds domestic demand.

Use the Following to Answer Question