The Effects of Trade on Production, Consumption, and Price

The table below summarizes the effects of trade on price, quantity supplied, and quantity demanded in both the United States and the rest of the world. Click on an element in the table below to show that effect in the graph above. Click continue when you are ready to move on to the next page.


Effects of Trade

Price

Quantity Supplied

Quantity Demanded

United States

Down

Down

Up

Rest of the world

Up

Up

Down