A semiconductor is a key component in your laptop, cell phone, and iPod. 1 answer below »

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.
Price
Quantity Quantity
(dollars
demanded supplied
per unit)
(billions of units per year)
10
25
0
12
20
20
14
15
40
16
10
60
18
5
80
20
0
100
Producers of semiconductors can get $18 a unit on the world market.
a. With no international trade, what would be the price of a semiconductor and how many semiconductors a year would be bought and sold in the United States?
b. Does the United States have a comparative advantage in producing semiconductors?