Saudi Arabia | United States | ||
---|---|---|---|
Quantity of oil (millions of barrels) | Quantity of cars (millions) | Quantity of oil (millions of barrels) | Quantity of cars (millions) |
0 | 4 | 0 | 10.0 |
200 | 3 | 100 | 7.5 |
400 | 2 | 200 | 5.0 |
600 | 1 | 300 | 2.5 |
800 | 0 | 400 | 0 |
Price of jet (millions) | Quantity of jets demanded | Quantity of jets supplied |
---|---|---|
$120 | 100 | 1,000 |
110 | 150 | 900 |
100 | 200 | 800 |
90 | 250 | 700 |
80 | 300 | 600 |
70 | 350 | 500 |
60 | 400 | 400 |
50 | 450 | 300 |
40 | 500 | 200 |
611
January 3, 2011 | January 3, 2012 |
---|---|
US$1.55 to buy 1 British pound sterling | US$1.57 to buy 1 British pound sterling |
29.08 Taiwan dollars to buy US$1 | 30.28 Taiwan dollars to buy US$1 |
US$0.99 to buy 1 Canadian dollar | US$1.01 to buy 1 Canadian dollar |
81.56 Japanese yen to buy US$1 | 76.67 Japanese yen to buy US$1 |
US$1.34 to buy 1 euro | US$1.31 to buy 1 euro |
0.93 Swiss franc to buy US$1 | 0.93 Swiss franc to buy US$1 |
612
Price of orange | Quantity of oranges demanded (thousands) | Quantity of oranges supplied (thousands) |
---|---|---|
$1.00 | 2 | 11 |
0.90 | 4 | 10 |
0.80 | 6 | 9 |
0.70 | 8 | 8 |
0.60 | 10 | 7 |
0.50 | 12 | 6 |
0.40 | 14 | 5 |
0.30 | 16 | 4 |
0.20 | 18 | 3 |
Suppose that the U.S. government imposes a tariff on oranges of $0.20 per orange.