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Figure 1 on the right shows the world market for tennis shoes, and Figure 2 shows the U.S. market for tennis shoes without trade. Suppose
Figure 1 on the right shows the world market for tennis shoes, and Figure 2 shows the U.S. market for tennis shoes without trade. Suppose the United States opens to free trade with other countries. The price of tennis shoes in the United States with trade is $ 45 . Draw the world price line on Figure 2 to help determine whether the United States is an importer or an exporter. Using the line drawing tool, draw the world price line. Label this line 'P, 4" Carefully follow the instructions above and only draw the required object. Figure 1: World Market for Tennis Shoes Supply Demand 20 Q (millions] Q Q = Figure 1 on the right shows the world market for tennis shoes, and Figure 2 shows the U.S. market for tennis shoes without trade. Suppose the United States opens to free trade with other countries. The price of tennis shoes in the United States with trade is $ 45 . Draw the world price line on Figure 2 to help determine whether the United States is an importer or an exporter. Using the line drawing tool, draw the world price line. Label this line 'P;, 4" Carefully follow the instructions above and only draw the required object. Price 50 fee- Demand 20 Q (millions] Figure 2: U.S. Market for Tennis Shoes Supply Demand Q (millions) Q Q 2
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