The figure to the right shows the U.S. market for flipminusflops. With international​ trade, the equilibrium price in the United States is​ ________ and the United States​ ________ flipminusflops.

A.$12; exports
B.​$12; does not trade
.C.$14; imports
D.$14; does not trade
E.$12; imports

ANSWER:

E.$12; imports