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Suppose the figure displays supply and demand for basketballs in the United States. Also assume that the United States is 'small in international trade' with
Suppose the figure displays supply and demand for basketballs in the United States. Also assume that the United States is 'small in international trade' with respect to basketballs. If the world price of basketballs is Pw = $4, does the United States import or export basketballs and by how much
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