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The Diagram Below Shows the (Hypothetical)demand and Supply Curves for Regional

Question 107

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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. 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 32-6 Refer to Figure 32-6.If the world price of a regional jet is $30 million,Canada will A) neither import nor export any jets. B) import 70 jets per year. C) import 90 jets per year. D) export 50 jets per year. E) export 70 jets per year. FIGURE 32-6 Refer to Figure 32-6.If the world price of a regional jet is $30 million,Canada will


A) neither import nor export any jets.
B) import 70 jets per year.
C) import 90 jets per year.
D) export 50 jets per year.
E) export 70 jets per year.

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