The Diagram Below Shows Supply and Demand Curves for Bicycles

question 6

Multiple Choice

The diagram below shows supply and demand curves for bicycles in the domestic Canadian market. Assume that all bicycles are identical.
FIGURE 34- 4
-Refer to Figure 34- 4. Assume there is free trade in bicycles. If the world price of bicycles is $500, Canada's will be bicycles per year.

• A)imports; 30 000
• B)exports; 20 000
• C)exports; 50 000
• D)exports; 30 000
• E)imports; 20 000

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