The figure illustrates the market for tricycles in a country. Price 18- 16+ 14+ 12+ 10+ Domestic Supply World price Domestic Demand 40 80 120 160 200 240 280 330 360 400 440 480 520 560 600 Quantity Refer to Figure 9-5. With trade, the price of tricycles in this country is

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Chapter4: Demand, Supply, And Markets
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not answer C or D.
Figure 9-5
The figure illustrates the market for tricycles in a country.
30-
28
G
14+
Domestic
Supply
World
price
Domestic
Demand
40 80 120 160 200 240 280 320 360 400 440 480 520 560 600 Quantity
Refer to Figure 9-5. With trade, the price of tricycles in this country is
Transcribed Image Text:not answer C or D. Figure 9-5 The figure illustrates the market for tricycles in a country. 30- 28 G 14+ Domestic Supply World price Domestic Demand 40 80 120 160 200 240 280 320 360 400 440 480 520 560 600 Quantity Refer to Figure 9-5. With trade, the price of tricycles in this country is
Refer to Figure 9-5. With trade, the price of tricycles in this country is
$11. with 200 tricycles produced in this country and another 320
tricycles imported.
$11. with 360 tricycles produced in this country and another 160
tricycles imported.
$19, with 200 tricycles produced in this country and another 160
tricycles imported.
$19, with 360 tricycles produced in this country and another 320
tricycles imported.
Transcribed Image Text:Refer to Figure 9-5. With trade, the price of tricycles in this country is $11. with 200 tricycles produced in this country and another 320 tricycles imported. $11. with 360 tricycles produced in this country and another 160 tricycles imported. $19, with 200 tricycles produced in this country and another 160 tricycles imported. $19, with 360 tricycles produced in this country and another 320 tricycles imported.
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