Refer to the figure Free Trade and Imports. The figure shows the demand, U.S. supply, and world supply curves for baseball bats. In the absence of trade, the equilibrium price will be _____, and the equilibrium quantity will be _____ million bats.

Figure: Free Trade and Imports

Question

Refer to the figure Free Trade and Imports. The figure shows the demand, U.S. supply, and world supply curves for baseball bats. In the absence of trade, the equilibrium price will be _____, and the equilibrium quantity will be _____ million bats.
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Figure: Free Trade and Imports

Quizplus · Accepted Answer

The Answer of Refer to the figure Free Trade and Imports. The figure shows the demand, U.S. supply, and world supply curves for baseball bats. In the absence of trade, the equilibrium price will be _____, and the equilibrium quantity will be _____ million bats.
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Figure: Free Trade and Imports

Refer to the Figure Free Trade and Imports