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Market: Roses Price $15 $12 $10 200 500 750 850 1000 Quantity Assume the graph above displays the domestic supply & demand for Roses in
Market: Roses Price $15 $12 $10 200 500 750 850 1000 Quantity Assume the graph above displays the domestic supply & demand for Roses in the USA as well as world price. The domestic equilibrium price for roses is $15, and at that price, the domestic equilibrium quantity is [ Select ] The world price is $10. If the USA engages in trade. the USA would be a [Select ] * of roses, and after opening up to trade, the quantity that domestic producers sell is [ Select ] * and the quantity the domestic consumers purchase [ Select ] .The amount of roses imported is [ Select ]
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