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 Rest of the World at a per unit price of _____.
A) 80; $80
B) 100; $100
C) 50; $100
D) 100; $50
Correct Answer:

Verified
Correct Answer:
Verified
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