-The figure above shows the U.S.demand and U.S.supply curves for cherries.At a world price of $2 per pound once international trade occurs,the production of cherries in the United States will equal
A) 200,000 pounds.
B) 400,000 pounds.
C) 600,000 pounds.
D) 800,000 pounds.
E) 0 pounds.

Question

-The figure above shows the U.S.demand and U.S.supply curves for cherries.At a world price of $2 per pound once international trade occurs,the production of cherries in the United States will equal
A) 200,000 pounds. 
B) 400,000 pounds. 
C) 600,000 pounds. 
D) 800,000 pounds. 
E) 0 pounds.

Quizplus · Accepted Answer

At a world price of $2 per pound, the U.S. production of cherries will be determined by the quantity at which the U.S. supply curve intersects this price level. This is because producers will produce up to the point where their supply curve meets the world price, assuming the curve represents their marginal cost of production. Without seeing the actual figure, the correct answer typically aligns with where the supply curve intersects the given world price.

-The Figure Above Shows the U