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The figure above shows the U.S. demand and supply curves for cherries. Suppose the world price of cherries is $2 per pound. How many pounds of cherries would be exported to the rest of the world?

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Step-by-step explanation:

If the world price of cherries is $2 per pound and assuming that the US is a price taker (i.e., it cannot affect the world price), then the US quantity demanded of cherries at that price point is represented by the US demand curve at the price of $2 per pound.

To determine the quantity of cherries that would be exported to the rest of the world, we need to find the difference between the quantity supplied in the US and the quantity demanded in the US at the given price of $2 per pound. This difference represents the amount of cherries that the US would be willing and able to sell to the rest of the world.

So, the quantity of cherries that would be exported to the rest of the world is equal to the difference between the quantity supplied and the quantity demanded in the US at the price of $2 per pound. If the quantity supplied at that price point is greater than the quantity demanded, then the US would export the excess to the rest of the world. If the quantity demanded is greater than the quantity supplied, then the US would import cherries from the rest of the world.

Without the actual values of the demand and supply curves and equilibrium quantity, it's not possible to provide an exact answer.

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