a canvas.hawkeyecollege.edu Mecro aiytibs Cia tdca Conect Li s, Not..ips and Mor

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a canvas.hawkeyecollege.edu Mecro aiytibs Cia tdca Conect Li s, Not..ips and More DQuestion 24 4 pts Prke (millions of dollars per airplae 200 150 price 100 50 Dus 200 400 600 70600 Quantity (airplanes per yean The figure above shows the U.S. market for airplanes, where Sus is the domestic supply curve and Dus is the domestic demand curve. The United States trades freely with the rest of the world. The world price of an airplane is $150 million. Based on the figure above, as a result of international trade, U.S. domestic production airplanes per year decreases by 100 increases by 500 decreases by 200 increases by 300 increases by 200 10

Explanation / Answer

Instead of 400(equilibrium output), the total output will be 700.

So, the increase in output required will be 700-400=300

Thus, the correct option is d> increases by 300

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