-The above figure shows the U.S.market for flip-flops.With international trade,the equilibrium price in the United States is ________ and the United States ________ flip-flops.

Question

Quizplus · Accepted Answer

With international trade, if the equilibrium price in the U.S. market aligns with the world price, and that price is lower than the domestic price without trade, the U.S. would import the product to meet demand at the lower price.

-The Above Figure Shows the U