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Figure: The Domestic Supply and Demand for SUVs in the United States
-(Figure: The Domestic Supply and Demand for SUVs in the United States) Look at the figure The Domestic Supply and Demand for SUVs in the United States. Suppose the world price equals $50,000 and there is free trade. The United States would _____ SUVs.

Question

Use the following to answer questions :
Figure: The Domestic Supply and Demand for SUVs in the United States 
-(Figure: The Domestic Supply and Demand for SUVs in the United States) Look at the figure The Domestic Supply and Demand for SUVs in the United States. Suppose the world price equals $50,000 and there is free trade. The United States would _____ SUVs.

Quizplus · Accepted Answer

When the world price is $50,000 and there is free trade, the United States will export 6 million SUVs, which is the amount at which the quantity supplied in the United States equals the quantity demanded.

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