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Author Question: The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada. ... (Read 80 times)

M1ch3a

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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 $30 million, Canada will


◦ export 50 jets per year.
◦ import 70 jets per year.
◦ neither import nor export any jets.
◦ export 70 jets per year.
◦ import 90 jets per year.


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Marked as best answer by M1ch3a on Oct 12, 2022

fdsajkl

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M1ch3a

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Reply 2 on: Oct 12, 2022
:D TYSM


adammoses97

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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