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Author Question: The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada. ... (Read 23 times)

booty5

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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. At what price is the total domestic demand for regional jets met completely by domestic supply?


◦ exactly $30 million
◦ $35 million
◦ $30 million and above
◦ $30 million and below
◦ No price - there will always be some imported jets in this market.


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Marked as best answer by booty5 on Oct 12, 2022

Tussalpain

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booty5

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Reply 2 on: Oct 12, 2022
Excellent


abro1885

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

 

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