The Diagram Below Shows the (Hypothetical)demand and Supply Curves for Regional

question 99

Multiple Choice

The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada.Assume that the market is competitive,all jets are identical,and that Canada engages in international trade. FIGURE 32-6 Refer to Figure 32-6.If the world price of a regional jet is $35 million,Canada will

• A)neither import nor export any jets.
• B)import 60 jets per year.
• C)import 20 jets per year.
• D)export 80 jets per year.
• E)export 20 jets per year.

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