The figure above shows the demand and cost curves for a single-price monopoly. The firm will produce ________ units and set a price of ________ per unit

__________is the amount of a product that is offered for sale at all possible prices that could prevail in a market.

Fill in the blank(s) with the appropriate word(s).

If the U.S. real exchange rate appreciates, U.S. exports

a. increase and U.S. imports decrease. b. decrease and U.S. imports increase. c. and U.S. imports both increase. d. and U.S. imports both decrease.