Reference: Ref 8-13 will import 150,000 MP3 players. will export 150,000 MP3 pla

Question

Reference: Ref 8-13 will import 150,000 MP3 players. will export 150,000 MP3 players. has a domestic supply equal to 250,000 MP3 players. has a domestic demand equal to 100,000 MP3 players. will import 150,000 MP3 players. will export 150,000 MP3 players. has a domestic supply equal to 250,000 MP3 players. has a domestic demand equal to 100,000 MP3 players. will import 150,000 MP3 players. The Market for MP3 Players) Look at the figure The Market for MP3 Players. In the market for MP3 players, if the world price equals $100 and there is free trade, consumer surplus and producer surplus compared to autarky.

Explanation / Answer

c)has a domestic supply equal to 250,000 MP3 players.

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