The U.S. domestic market for T-shirts is shown below. The world price of T-shirts is $5.00 and the U.S. can buy all of the T-shirts it wants at that price. Show the world price on the graph above. Will the U.S. import or export T-shirts? How many will be traded?

Question

The U.S. domestic market for T-shirts is shown below.  The world price of T-shirts is $5.00 and the U.S. can buy all of the T-shirts it wants at that price. Show the world price on the graph above. Will the U.S. import or export T-shirts? How many will be traded?

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The Answer of The U.S. domestic market for T-shirts is shown below.  The world price of T-shirts is $5.00 and the U.S. can buy all of the T-shirts it wants at that price. Show the world price on the graph above. Will the U.S. import or export T-shirts? How many will be traded?

The US Domestic Market for T-Shirts Is Shown Below