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Alternate Text: A trade graph with downward sloping domestic demand (Dd) curve and upward sloping domestic supply (Sd) curve. At price of $6, Dd shows
Alternate Text: A trade graph with downward sloping domestic demand (Dd) curve and upward sloping domestic supply (Sd) curve. At price of $6, Dd shows 160 units and Sd shows 40 units of output. At price of $8, Dd shows 140 units and Sd shows 60 units of output. At price of $10, Dd shows 120 units and Sd shows 80 units of output. At price of $12, Dd shows 100 units and Sd shows 100 units of output. What would be the amount of imports if it were open to international trade and price in the world market is $10
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