The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S. Figure 20.4
Refer to Figure 20.4.If cocoa sells for $6 per pound in the world market, determine the volume of U.S.cocoa imports.
A) 250 pounds
B) 350 pounds
C) 300 pounds
D) 150 pounds
E) 200 pounds
Correct Answer:
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