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34 - 1 POINT The graph below shows domestic supply and demand for aluminum in the U.S. Suppose that at any price, foreign suppliers. of
34 - 1 POINT The graph below shows domestic supply and demand for aluminum in the U.S. Suppose that at any price, foreign suppliers. of aluminum will supply 40 million tons The "Domestic Supply + Imports" curve is misplaced. Re-position the curve to reflect the 40 million tons of aluminum that will be imported by the U.S. Note that before trade occurs, the original equilibrium-the intersection of the Demand curve and the Domestic Supply curve-is at (40, $50). Provide your answer below: Price 80 Demand 100 60 Domestic Supply+Imports (50 $50) Domestic Supply (40,$50)
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