subject
Business, 25.03.2021 01:00 jacobwaltom

The majority of fresh fruit consumed in the United States is imported, much of it coming from Mexico, Chile, Guatemala, and Costa Rica. The proportion of fruit that is imported increased from 23% in 1975 to 53% in 2016. Much of this increase can be attributed to a reduction in transportation costs associated with improved roads and storage technology. Use a domestic supply and domestic demand graph to illustrate the impact of imports on the market for fruit in the United States. Be sure to properly label all relevant curves. Label the market outcome prior to international trade and the predicted outcome with international trade. Label the price, quantity demanded, quantity supplied, and amount of imports. What happens to the price that consumers pay for fruit and what impact will this have on consumer surplus? Use your graph to illustrate your answers.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 00:20
Overspeculation and a decrease in consumer confidence are both leading factors of: ?
Answers: 1
question
Business, 22.06.2019 20:30
What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.
Answers: 1
question
Business, 23.06.2019 02:00
Which activity is not allowed in a 3 compartment sink
Answers: 2
question
Business, 23.06.2019 02:30
Zendor company wants to have $200,000 available in august 2021 to make an equipment purchase. to be able to have this amount available, zendor will make equal annual deposits in an investment account earning 12% annually in june 2017, 2018, 2019, 2020, and 2021. what is the dollar amount that must be deposited each of those years to achieve this objective?
Answers: 3
You know the right answer?
The majority of fresh fruit consumed in the United States is imported, much of it coming from Mexico...
Questions
question
Social Studies, 19.10.2020 21:01
question
English, 19.10.2020 21:01
question
Mathematics, 19.10.2020 21:01
question
Mathematics, 19.10.2020 21:01
question
Mathematics, 19.10.2020 21:01
Questions on the website: 13722363