Part (iv): Suppose that the world price of a palm tree rises to $800. How many palm trees will American consumers purchase? 1. 100 2.125 3. 175 4. 225 5. None of the above Part (v): Suppose that the world price of a palm tree is $800. How many palm trees will American sellers sell? 1. 100 2.125 3.175 4. 225 5. None of the above Part (vi): Suppose that the world price of a palm tree is $800. How many palm trees will the United States export? 1. 30,000 2. 50,000 3. 100,000 4. 120,000 5. None of the above

Part (iv): Suppose that the world price of a palm tree rises to $800. How many palm trees will American consumers purchase? 1. 100 2.125 3. 175 4. 225 5. None of the above Part (v): Suppose that the world price of a palm tree is $800. How many palm trees will American sellers sell? 1. 100 2.125 3.175 4. 225 5. None of the above Part (vi): Suppose that the world price of a palm tree is $800. How many palm trees will the United States export? 1. 30,000 2. 50,000 3. 100,000 4. 120,000 5. None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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