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The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. After trade this country will import

Sagot :

The trade this country will import is given by the option (C) 300 pair of shoes.

The number of shoes exported will be calculated by the formula -

Import = quantity demanded - quantity supplied. The formula is based on the concept that the import of shoes will be carried out once the manufacturing is more than the demand.

The graph indicates the quantity demanded is 1000 and the quantity supplied is 1300. Keep the values in formula to find imports.

Imports = 1300 - 1000

Performing subtraction on Right Hand Side of the equation

Imports = 300

Hence, the import is 300.

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