An industry characterized by a small number of dominant firms that face downward-sloping demand curves is best described as:

Refer to Figure 9-1. Suppose the government allows imports of leather footwear into the United States. What will be the quantity demanded?

A) 5 units B) 10 units C) 15 units D) 20 units

There is evidence that the exchange-rate pass-through effect to import prices has been declining in developed economies, especially for the United States

Indicate whether the statement is true or false