(Figure: Market for TVs 2) According to the figure, if there is international trade in this market, and the world price of televisions is $400, domestic consumers will purchase units from domestic producers and units from foreign producers. (Note: All grid lines in the graph - vertical and horizontal - are spaced out equally from each other, in 10 unit increments) Price 1,000 500 O 20,000; 30,000 O 40,000; 30,000 O 20,000; 60,000 O 40,000; 60,000 Domestic supply Domestic cmand 50 100 Quantity of TVs (in thousands)

ENGR.ECONOMIC ANALYSIS
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(Figure: Market for TVs 2) According to the figure, if there is international trade in this market, and
the world price of televisions is $400, domestic consumers will purchase
producers and units from foreign producers.
units from domestic
(Note: All grid lines in the graph - vertical and horizontal - are spaced out equally from each other, in
10 unit increments)
Price
1,000
500
O 20,000; 30,000
O 40,000; 30,000
O 20,000; 60,000
O 40,000; 60,000
Domestic
supply
Domestic
cmand
50
100
Quantity of TVs
(in thousands)
Transcribed Image Text:(Figure: Market for TVs 2) According to the figure, if there is international trade in this market, and the world price of televisions is $400, domestic consumers will purchase producers and units from foreign producers. units from domestic (Note: All grid lines in the graph - vertical and horizontal - are spaced out equally from each other, in 10 unit increments) Price 1,000 500 O 20,000; 30,000 O 40,000; 30,000 O 20,000; 60,000 O 40,000; 60,000 Domestic supply Domestic cmand 50 100 Quantity of TVs (in thousands)
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