Solved

Figure 9-5 The Figure Illustrates the Market for Tricycles in a Country

Question 84

Multiple Choice

Figure 9-5
The figure illustrates the market for tricycles in a country. Figure 9-5 The figure illustrates the market for tricycles in a country.   -Refer to Figure 9-5.Bearing in mind that this country is  small,  what would happen if there were a decrease in the price of tricycle helmets within this country,given that tricycles and tricycle helmets are complements? A) The quantity of tricycles that this country imports would increase. B) The quantity of tricycles that this country imports would decrease,but the country would still be an importer of tricycles. C) This country would switch from being an importer of tricycles to an exporter of tricycles. D) The domestic price without trade would move closer to the world price.
-Refer to Figure 9-5.Bearing in mind that this country is "small," what would happen if there were a decrease in the price of tricycle helmets within this country,given that tricycles and tricycle helmets are complements?


A) The quantity of tricycles that this country imports would increase.
B) The quantity of tricycles that this country imports would decrease,but the country would still be an importer of tricycles.
C) This country would switch from being an importer of tricycles to an exporter of tricycles.
D) The domestic price without trade would move closer to the world price.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents