This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The figure above shows the U.S. demand and the U.S. supply curves of canned peaches. a. In the ... (Read 345 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
on: May 24, 2019


The figure above shows the U.S. demand and the U.S. supply curves of canned peaches.
a.   In the absence of trade, what is price of canned peaches in the United States?
b.   In the absence of trade, what is the level of production in the United States?
c.   If the world price of canned peaches is $1 a can and the United States engages in trade, does the United States import or export canned peaches?
d.   If the world price of canned peaches is $1 a can and the United States engages in trade, what is the quantity produced in the United States and what is the quantity consumed? What is the quantity imported or exported?
e.  If the world price of canned peaches is $2 a can and the United States engages in trade, does the United States import or export canned peaches?
f.   If the world price of canned peaches is $2 a can and the United States engages in trade, what is the quantity produced in the United States and what is the quantity consumed? What is the quantity imported or exported?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olgavictoria on May 24, 2019

ecox1012

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


olgavictoria

  • Hero Member
  • *****
  • Posts: 528
Reply #2 on: May 24, 2019
Excellent


ecox1012

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o
This red-bellied lemur shows clearly the traits that characterize strepsirhine primates. This red-bellied lemur shows clearly the traits that characterize strepsirhine primates.
A complete cranium of Au. Afarensis from Hadar, Ethiopia, shows a prognathic face and a small brainc A complete cranium of Au. Afarensis from Hadar, Ethiopia, shows a prognathic face and a small brainc
The posted octane rating in most high-altitude areas shows regular at 85 instead of the usual 87. The posted octane rating in most high-altitude areas shows regular at 85 instead of the usual 87.
Cooperative vs. noncooperative O2-binding curves Cooperative vs. noncooperative O2-binding curves
This image shows a normal third-trimester fetal brain This image shows a normal third-trimester fetal brain
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library