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 $20 million,Canada will
Definitions:
Lower Confidence Bound
The lower confidence bound is the lower limit of a confidence interval, beneath which the true population parameter is believed to lie with a specified level of confidence.
Z-Value
A statistic that measures the distance in standard deviations of a data point from the mean.
Population Mean
The average of a set of characteristics (e.g., measurements or counts) within an entire population.
Population Proportion
A measure that represents the fraction of the total population that possesses a specific attribute or characteristic.
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