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

Question 21

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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.At what price is the total domestic demand for regional jets met completely by domestic supply? A) exactly $30 million B) $30 million and below C) $30 million and above D) $35 million E) No price - there will always be some imported jets in this market. FIGURE 32-6 Refer to Figure 32-6.At what price is the total domestic demand for regional jets met completely by domestic supply?


A) exactly $30 million
B) $30 million and below
C) $30 million and above
D) $35 million
E) No price - there will always be some imported jets in this market.

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