Refer to the information provided in Figure 4.5 below to answer the question(s) that follow. Figure 4.5
-Refer to Figure 4.5. The United States imports 9 million CD-Rom drives at a world price of ________ per CD-Rom drive.
A) $15
B) $25
C) between $15 and $25
D) $25

Question

Refer to the information provided in Figure 4.5 below to answer the question(s) that follow.  Figure 4.5
-Refer to Figure 4.5. The United States imports 9 million CD-Rom drives at a world price of ________ per CD-Rom drive.
A) $15 
B) $25 
C) between $15 and $25 
D) >$25

Quizplus · Accepted Answer

The world price is $15 per CD-Rom drive, as shown by the intersection of the world supply and demand curves.

Refer to the Information Provided in Figure 4