Refer to the Figure Below to Answer the Following Questions

question 85

Multiple Choice

Refer to the figure below to answer the following questions. Figure 7.1.2
The figure shows the market for helicopters in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $36 million per helicopter.
-In Figure 7.1.2,with international trade,________ helicopters per year are produced in Canada.

• A)360
• B)480
• C)720
• D)240
• E)600

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Definitions:

Disposable Income

The financial pot allocated for households to manage their savings and expenditures after income tax deductions.

Autonomous Consumption

The level of consumption spending that occurs when income is zero, representing the expenditures that consumers must make even when they have no income.

Disposable Income

Households' budget for spending and savings after the necessary income taxes have been deducted.

Induced Consumption

Consumer spending that increases as disposable income rises, and decreases as income falls.