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International trade canadians

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Reference no: EM132550931

Refer to the figure below to answer the following questions.

The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve. The world price is $24 per shirt.

-With international trade Canadians buy how many shirts?

-With international trade how many shirts per year are produced in Canada?

-Without international trade how many shirts are produced and bought per year in Canada?

-Does Canada imports or exports the shirts and how many?

-Who gains and who losses from international trade?

Reference no: EM132550931

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