go International Trade - End of Chapter Problem Macmillan Leaming The majority of fresh fruit consumed in the United States is now imported, much of it coming from Mexico, Chile, Guatemala, and Costa Rica. The proportion of fruit that is imported increased from 23% in 1975 to 53.1% in 2016. Much of this increase can be attributed to a reduction in transportation costs associated with improved roads and storage technology that has occurred over time. a. In the accompanying graph, shift the price line to illustrate the impact of imports on the market for fruit in the United States. Price ($ per pound) 4 3 2 10 7 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Quantity (billions of pounds of fruit) Domestic Supply Price A B Domestic Demand
go International Trade - End of Chapter Problem Macmillan Leaming The majority of fresh fruit consumed in the United States is now imported, much of it coming from Mexico, Chile, Guatemala, and Costa Rica. The proportion of fruit that is imported increased from 23% in 1975 to 53.1% in 2016. Much of this increase can be attributed to a reduction in transportation costs associated with improved roads and storage technology that has occurred over time. a. In the accompanying graph, shift the price line to illustrate the impact of imports on the market for fruit in the United States. Price ($ per pound) 4 3 2 10 7 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Quantity (billions of pounds of fruit) Domestic Supply Price A B Domestic Demand
Chapter1: Making Economics Decisions
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Transcribed Image Text:go International Trade - End of Chapter Problem
Macmillan Leaming
The majority of fresh fruit consumed in the United States is now imported, much of it coming from Mexico, Chile, Guatemala,
and Costa Rica. The proportion of fruit that is imported increased from 23% in 1975 to 53.1% in 2016. Much of this increase
can be attributed to a reduction in transportation costs associated with improved roads and storage technology that has occurred
over time.
a. In the accompanying graph, shift the price line to illustrate the impact of imports on the market for fruit in the United States.
Price ($ per pound)
4
3
2
10
7
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Quantity (billions of pounds of fruit)
Domestic Supply
Price
A
B
Domestic Demand
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