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Author Question: The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada. ... (Read 56 times)

trevg

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The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada. Assume that the market is competitive, all jets are identical, and that Canada engages in international trade.


FIGURE 19-6

Refer to Figure 19-6. If the world price of a regional jet is $20 million, Canada will


◦ export 50 jets per year.
◦ import 90 jets per year.
◦ import 70 jets per year.
◦ export 70 jets per year.
◦ import 40 jets per year.


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Marked as best answer by trevg on Oct 12, 2022

aublw

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trevg

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Reply 2 on: Oct 12, 2022
:D TYSM


sailorcrescent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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