A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides information about the market for semiconductors in the United States. Producers of semiconductors can get $18 a unit on the world market. Price Quantity Quantity (dollars per unit) demanded supplied (billions of units per year) 10 25 0 12 20 20 14 15 40 16 10 60 18 5 80 20 0 100 Draw a graph (graph is for your own reference, not required to be attached in the answer sheet) to illustrate the U.S. supply and demand market for semiconductors. What is the price with free international trade? What is the quantity of semiconductors produced in U.S. and total quantity bought by U.S. people and the quantity exported from other countries?
A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides information about the market for semiconductors in the United States. Producers of semiconductors can get $18 a unit on the world market.
Price Quantity Quantity
(dollars per unit) demanded supplied
|
|
(billions of units per year) |
|
|
10 |
25 |
0 |
|
12 |
20 |
20 |
|
14 |
15 |
40 |
|
16 |
10 |
60 |
|
18 |
5 |
80 |
|
20 |
0 |
100 |
Draw a graph (graph is for your own reference, not required to be attached in the answer sheet) to illustrate the U.S. supply and
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