The diagram below shows supply and demand curves for bicycles in the domestic Canadian market.Assume that all bicycles are identical. 
FIGURE 33-4
-Refer to Figure 33-4.Assume there is free trade in bicycles.If the world price of bicycles is $200,domestic consumption is ________ and domestic production is ________.
Definitions:
Demonstrative Legacy
A bequest in a will that specifies a particular asset or monetary source to fund the gift.
Probate
The legal process of administering a deceased person's estate, including the resolution of any claims and the distribution of assets under a will.
Devise
A legal term for the bequest of real estate property through a will.
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