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.What is the domestic demand for pens in Lithasia after the economy opens up to free trade?
Definitions:
Oral Sucker
A muscular structure found in some animals, such as parasitic worms, used for attachment to or ingestion of food from hosts or surfaces.
Alimentary Canal
A series of hollow organs joined in a long, twisting tube from the mouth to the anus, through which food is digested and nutrients are absorbed.
Molluscs
Invertebrates including squids, clams, snails, and chitons; characterized by a visceral mass, a mantle, and a foot.
Visceral Mass
Internal organs of an organism; typically includes components of the digestive, reproductive, and urinary systems (if present).
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