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500 400 Price (S) 300 200 100 10 20 30 40 50 60 70 80 Quantity of bicycles per year (thousands) FIGURE 33-4 Refer to

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500 400 Price (S) 300 200 100 10 20 30 40 50 60 70 80 Quantity of bicycles per year (thousands) 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 Select one: O A. 40 000; 40 000 O B. 60 000; 20-000 O C. 30 000; 50 000 O D. 20 000; 60 000 O E. 50 000; 30 000

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