According to the graph, in this market, a price of $1.50 would be equilibrium.
The main purpose of Roosevelt Corollary was to maintain the hold on all of Latin American countries and ward off any threat by the Europeans to interfere in the matters of Latin American countries. The Monroe Doctrine was taken a step further by the addition of Roosevelt Corollary. This Corollary also gave United States of America to intervene in the matters of Latin American countries whenever the need arose. The Roosevelt Corollary was added with the Monroe Doctrine in the year 1904 after the crisis of Venezuela in the year 1902-1903.
Answer:
No it is not
and please don't leave the answer incomplete
