Question

the figure shows the market for helicopters in the united states, where d is the domestic demand curve and s is the domestic supply curve. the united states trades helicopters with the rest of the world at a price of $36 million per helicopter. in the figure above, with international trade ______ helicopters per year are produced in the united states. 720 480 240 360

Explanation:

Step1: Locate price on graph

Find the price of $36$ million on the vertical - axis.

Step2: Find quantity supplied

Draw a horizontal line from the price of $36$ million to the supply curve $S$. Then draw a vertical line down to the quantity - axis. The quantity where the horizontal line from $36$ million intersects the supply curve $S$ is the quantity produced in the US with international trade. Reading from the graph, at a price of $36$ million per helicopter, the quantity supplied by domestic producers (the quantity produced in the US) is 720 helicopters per year.

Answer:

720