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Figure 9-2 A graph of price, P, versus quantity, Q, shows a supply curve, Domestic Supply, rising linearly from point (0, 1) to (560, 29),
Figure 9-2 A graph of price, P, versus quantity, Q, shows a supply curve, Domestic Supply, rising linearly from point (0, 1) to (560, 29), and a demand curve, Domestic Demand, descending linearly from point (0, 37) to (560, 9). The curves intersect at (360, 19). A horizontal line, World Price, extends from P = 11. A vertical line extends from Q = 200 to P = 11. A vertical line extends from Q = 525 to P = 11. Refer to Figure 9-2. With trade, the price of tricycles in this country is a. $11, with 200 tricycles produced in this country and another 320 tricycles imported. b. $19, with 360 tricycles produced in this country and another 320 tricycles imported. c. $11, with 360 tricycles produced in this country and another 160 tricycles imported. d. $19, with 200 tricycles produced in this country and another 160 tricycles imported
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