The table below shows data for the luxury watch market. Luxury watches can be freely imported or exported. Graph the supply and demand curves. Suppose the world market price is $4,000. With free trade, how many watches will be produced domestically and how many will be imported or exported? 
Definitions:
Active
Engaging or ready to engage in physically energetic pursuits.
Mirror Neurons
Neurons that fire both when an individual acts and when the individual observes the same action performed by another, thought to play a role in learning and empathy.
Simulate
To imitate or replicate the appearance, function, or conditions of (something) for study, training, or analysis.
Observational Learning
The method of learning that occurs through observing the behavior of others and the outcomes of those behaviors.
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