Refer to the above figure. With trade, the price of tricycles in this country is $19, with 360 tricycles produced in this country and another 320 tricycles imported. $19, with 200 tricycles produced in this country and another 160 tricycles imported. $11, with 360 tricycles produced in this country and another 160 tricycles imported. $11, with 200 tricycles produced in this country and another 320 tricycles imported.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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37 Domestic Demand
PRICE (Dollars per tricycle)
1
200
360
QUANTITY (Tricycles)
Domestic Supply
World Price
520
Refer to the above figure. With trade, the price of tricycles in this country is
$19, with 360 tricycles produced in this country and another 320 tricycles imported.
$19, with 200 tricycles produced in this country and another 160 tricycles imported.
$11, with 360 tricycles produced in this country and another 160 tricycles imported.
$11, with 200 tricycles produced in this country and another 320 tricycles imported.
Transcribed Image Text:37 Domestic Demand PRICE (Dollars per tricycle) 1 200 360 QUANTITY (Tricycles) Domestic Supply World Price 520 Refer to the above figure. With trade, the price of tricycles in this country is $19, with 360 tricycles produced in this country and another 320 tricycles imported. $19, with 200 tricycles produced in this country and another 160 tricycles imported. $11, with 360 tricycles produced in this country and another 160 tricycles imported. $11, with 200 tricycles produced in this country and another 320 tricycles imported.
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