The figure shows the market for shirts in the United States, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt.
-In the figure above, with international trade_________ million shirts per year are produced in the United States.
A) 32
B) 48
C) 20
D) 16
Correct Answer:
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Q13: In a market open to international trade,
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A)
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