In a market open to international trade, at the world price the quantity demanded is 150 and quantity supplied is 200. This country will

Name: In a market open to international trade, at the world price the quantity demanded is 150 and quantity supplied is 200. This country will
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

When the quantity supplied (200) exceeds the quantity demanded (150) at the world price, the country has a surplus of 50 units, which it can export.

In a Market Open to International Trade, at the World