Refer to the information provided in Figure 20.3 below to answer the question(s) that follow. 
Figure 20.3
-Refer to Figure 20.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. Now domestic production costs fall so that the equilibrium domestic price of a pair of shoes is $70. This would cause
Definitions:
Family or Medical Leave
Authorized absence from work, protected by law, for family or health-related reasons without risk of losing employment.
Family and Medical Leave Act
A U.S. federal law that requires covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.
Military Service
A period of time spent serving in the armed forces of a country.
Minimum Wage
The lowest wage, either by government regulation or by union contract, that an employer may pay an hourly worker.
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