Refer to the Figure Below to Answer the Following Questions

question 133

Multiple Choice

Refer to the figure below to answer the following questions.

Figure 7.2.2
The figure shows the market for helicopters in Canada, where D is the domestic demand curve and S is the domestic supply curve. Canada trades helicopters with the rest of the world at a price of $36 million per helicopter.
-In Figure 7.2.2, Canada ________ helicopters per year.

• A)exports 480
• B)exports 720
• C)imports 480
• D)imports 240
• E)exports 240

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Definitions:

Budget Equation

A financial formula representing the balance between an individual's or entity's income and expenses, often used in personal finance or economic models.

Market Prices

The current price at which an asset or service can be bought or sold in a competitive marketplace.

Cost Of Pears

This term likely refers to the expense associated with purchasing or producing pears, encompassing factors like labor, materials, and transportation.

Cost Of Bananas

The expense involved in purchasing bananas, typically influenced by factors like supply and demand.