Multiple Choice
Refer to the information provided in Figure 19.3 below to answer the questions that follow.
Figure 19.3
-Refer to Figure 19.3.The domestic price of shoes is $80.After trade the price of a pair of shoes is $60.Now domestic production costs fall so that the equilibrium domestic price of a pair of shoes is $70.This would cause
A) the number of pairs of shoes imported into this country to increase.
B) the number of pairs of shoes imported into this country to decrease.
C) the number of pairs of shoes exported from this country to increase.
D) the number of pairs of shoes exported from this country to decrease.
Correct Answer:

Verified
Correct Answer:
Verified
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