The following figure shows the demand curve, D, and supply curve, S, of ballpoint pens in Lithasia. The world price of pens is $2.

-Refer to the figure above.Which of the following statements is correct?
A) After the economy is open to free trade, it will export 6 pens.
B) After the economy is open to free trade, it will import 6 pens.
C) After the economy is open to free trade, it will export 10 pens.
D) After the economy is open to free trade, it will import 10 pens.
Correct Answer:
Verified
Q187: The figure below shows the domestic supply
Q188: The following figure shows the demand curve,
Q189: The following figure shows the demand curve,
Q190: Suppose a nation opens up to free
Q191: How are the domestic sellers and buyers
Q193: The figure below shows the domestic supply
Q194: The figure below shows the domestic supply
Q195: The following figure shows the demand curve,
Q196: The following figure shows the demand curve,
Q197: The following figure shows the demand curve,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents