Refer to the information provided in Figure 18.3 below to answer the questions that follow. Figure 18.3
-Refer to Figure 18.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. After trade this country will ________ 300 pairs of shoes.

Question

Refer to the information provided in Figure 18.3 below to answer the questions that follow.  Figure 18.3
-Refer to Figure 18.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. After trade this country will ________ 300 pairs of shoes.

Quizplus · Accepted Answer

After trade, the price of a pair of shoes decreased from $80 to $60, which indicates that the country is importing shoes at a lower price. Therefore, the country will import 300 pairs of shoes.

Refer to the Information Provided in Figure 18