Exhibit 19.3

-Refer to Exhibit 19.3,which shows the supply of a product in the United States.If the world price is P,U.S.producers would supply _____

Question

Exhibit 19.3
 
-Refer to Exhibit 19.3,which shows the supply of a product in the United States.If the world price is P,U.S.producers would supply _____

Quizplus · Accepted Answer

If the world price is P, U.S. producers would supply Q. This is because the supply curve shows the quantity of a product that producers are willing and able to supply at a given price. At price P, U.S. producers are willing and able to supply Q.

Exhibit 19.3 -Refer to Exhibit 19.3,which Shows the Supply of a Product