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Author Question: The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada. ... (Read 54 times)

mimie

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on: Oct 12, 2022

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. Assume the world price of a regional jet is $20 million. Further, suppose that Canada disallowed international trade in regional jets. With no trade in regional jets, Canadian consumers will spend ________ at the domestic equilibrium price and quantity versus ________ for the same quantity at the world price.


◦ $2100 million; $2100 million
◦ $1800 million; $1000 million
◦ $1400 million; $2100 million
◦ $1000 million; $1800 million
◦ $2100 million; $1400 million
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Marked as best answer by mimie on Oct 12, 2022

furthoh

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Reply #1 on: Oct 12, 2022
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.
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mimie

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

lcapri7

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

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