Figure 19-4
Figure 19-4 shows the U.S. demand and supply for leather footwear.
-Refer to Figure 19-4.Suppose the government allows imports of leather footwear into the United States.What will be the quantity of imports?

Question

Figure 19-4
  Figure 19-4 shows the U.S. demand and supply for leather footwear.
-Refer to Figure 19-4.Suppose the government allows imports of leather footwear into the United States.What will be the quantity of imports?

Quizplus · Accepted Answer

The quantity of imports is the difference between the quantity demanded and the quantity supplied domestically at the world price, which is Q₂ - Q₀.

Figure 19-4 Figure 19-4 Shows the U.S. Demand and Supply