Use the following to answer question:
-(Figure: The Markets for Melons in Russia)Use Figure: The Market for Melons in Russia.If the world price of melons is equal to E,Russia will _____ of melons.

Question

Use the following to answer question: 
-(Figure: The Markets for Melons in Russia)Use Figure: The Market for Melons in Russia.If the world price of melons is equal to E,Russia will _____ of melons.

Quizplus · Accepted Answer

If the world price is equal to E, Russia will import the quantity I - H because the domestic quantity demanded at price E exceeds the domestic quantity supplied, resulting in imports to meet the excess demand.

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