Refer to Figure 20.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. This would cause the number of pairs of shoes produced domestically to

A) increase.
B) decrease.
C) remain the same.
D) fall to zero.

Pairs of Shoes

A unit of measure often used in economics or retail to discuss the quantity of shoes, indicative of inventory levels or sales volumes.

Domestic Price

The price of goods or services within a country's borders, as opposed to international or export prices.

Trade Price

The price at which goods are sold between companies, typically lower than retail prices due to the absence of retailer markup.