Multiple Choice
Suppose the domestic supply (QSU.S.) and demand (QDU.S) for bicycles in the United States are given by the following set of equations: Demand (QD) and supply (QS) in the Rest of the World are given by the equations: Quantities are measured in thousands and price in U.S. dollars. In the absence of international trade, _____ thousand bicycles will be sold in the United States at a per unit price of _____.
A) 50; $50
B) 100; $100
C) 150; $50
D) 100; $50
Correct Answer:

Verified
Correct Answer:
Verified
Q50: Suppose the domestic supply (Q<sup>S</sup>) and
Q51: The difference in the prices of a
Q52: Refer to Figure 2.1 below. At a
Q53: Suppose the domestic supply (Q<sup>S</sup><sub>U.S.</sub>) and
Q54: An increase in individual income will lead
Q55: If a 1% increase in the price
Q56: Which of the following factors can lead
Q57: Suppose the domestic supply (Q<sup>S</sup>) and
Q58: Why would winter clothing be produced in
Q59: Assume that there are only two countries