Figure 17-13
-In Figure 17-13, the world price of a baseball is $3. With free trade, how many baseballs will the United States import?
A) 4,000
B) 6,000
C) 8,000
D) 10,000
E) 12,000

Question

Figure 17-13 
-In Figure 17-13, the world price of a baseball is $3. With free trade, how many baseballs will the United States import?
A) 4,000 
B) 6,000 
C) 8,000 
D) 10,000 
E) 12,000

Quizplus · Accepted Answer

The correct answer is 8,000 baseballs. This is determined by the difference between the quantity demanded and the quantity supplied at the world price of $3 in the U.S. market.

Figure 17-13 -In Figure 17-13, the World Price of a Baseball Is