The following figure shows the demand curve, D, and supply curve, S, of ballpoint pens in Lithasia. The world price of pens is $2.
-Refer to the figure above.If Lithasia does not engage in international trade,what is the domestic production of pens?
Definitions:
Optimal Price
The price point that maximizes a company's profits or achieves other specified business objectives, taking into account costs, demand, and competitive pricing.
Customer Complaints
Customer expressions of discontent regarding a product or service.
Mason Jars
Glass jars with a sealable metal lid, traditionally used for preserving food, but also popular in crafts and as trendy containers or drinkware.
Bootlegger
An individual who illegally manufactures, sells, or transports alcoholic beverages.
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