Refer to the information provided in Figure 18.3 below to answer the questions that follow. 
Figure 18.3
-Refer to Figure 18.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. Now domestic production costs fall so that the equilibrium domestic price of a pair of shoes is $70. This would cause
Definitions:
Television Home Shopping Channels
TV channels dedicated to retailing goods directly to consumers through live presentations, offering viewers the opportunity to purchase items from the comfort of their home.
QVC
A multinational corporation specializing in televised home shopping that broadcasts to millions of consumers worldwide.
HSN
Home Shopping Network, a television network that broadcasts live retail programming 24 hours a day.
Nonstore Retailing
Selling goods or services outside of a traditional retail establishment, such as online, direct mail, or telemarketing.
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