Table 7.2.1

-The table shows a country's demand and supply schedules.Based on Table 7.2.1,suppose the world price is $4 a unit.The country
A)imports 20 units.
B)exports 20 units.
C)imports 10 units.
D)exports 10 units.
E)imports 30 units.

Question

Table 7.2.1
 
-The table shows a country's demand and supply schedules.Based on Table 7.2.1,suppose the world price is $4 a unit.The country
A)imports 20 units. 
B)exports 20 units. 
C)imports 10 units. 
D)exports 10 units. 
E)imports 30 units.

Quizplus · Accepted Answer

At a world price of $4, the quantity demanded exceeds the quantity supplied by 20 units, indicating that the country imports 20 units to meet the excess demand.

Table 7.2.1 -The Table Shows a Country's Demand and Supply Schedules.Based on and Supply