Refer to the Information Provided in Figure 33

question 115

Multiple Choice

Refer to the information provided in Figure 33.3 below to answer the question(s) that follow. Figure 33.3
-Refer to Figure 33.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. This would cause the number of pairs of shoes produced domestically to

• A) increase.
• B) decrease.
• C) remain the same.
• D) fall to zero.

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Definitions:

Solve

To find an answer or solution to a mathematical problem or equation.

Simplify

The process of making something less complex or easier to understand.

Simplify

A mathematical process of making an equation, expression, or problem easier to solve or understand by eliminating complexity.

Simplify

The act of making an equation or expression easier to work with by reducing its complexity.