The figure above shows the U.S. demand and the U.S. supply curves of canned peaches

a. In the absence of trade, what is price of canned peaches in the United States?
b. In the absence of trade, what is the level of production in the United States?
c. If the world price of canned peaches is $1 a can and the United States engages in trade, does the United States import or export canned peaches?
d. If the world price of canned peaches is $1 a can and the United States engages in trade, what is the quantity produced in the United States and what is the quantity consumed? What is the quantity imported or exported?
e. If the world price of canned peaches is $2 a can and the United States engages in trade, does the United States import or export canned peaches?
f. If the world price of canned peaches is $2 a can and the United States engages in trade, what is the quantity produced in the United States and what is the quantity consumed? What is the quantity imported or exported?

a. In the absence of trade, the price is $1.50 per can of peaches.
b. In the absence of trade, 4 million cans are produced.
c. The United States imports canned peaches.
d. The quantity produced in the United States is 2 million cans and the quantity consumed is 6 million cans. The quantity imported is 4 million cans.
e. The United States exports canned peaches.
f. The quantity produced in the United States is 6 million cans and the quantity consumed is 2 million cans. The quantity exported is 4 million cans.