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The Diagram Below Shows the Domestic Demand and Supply Curves

Question 99

Multiple Choice

The diagram below shows the domestic demand and supply curves in the market for newsprint in Paperland. The diagram below shows the domestic demand and supply curves in the market for newsprint in Paperland. FIGURE 32-5 Refer to Figure 32-5.If Paperland engages in international trade and the world price is P<sub>A</sub>,the amount of newsprint ________ will be ________. A) imported; Q<sub>5</sub> - Q<sub>1</sub> B) exported; Q<sub>5</sub> C) imported; Q<sub>1</sub> D) exported; Q<sub>5</sub> - Q<sub>1</sub> E) imported; Q<sub>5</sub> - Q<sub>3</sub> FIGURE 32-5 Refer to Figure 32-5.If Paperland engages in international trade and the world price is PA,the amount of newsprint ________ will be ________.


A) imported; Q5 - Q1
B) exported; Q5
C) imported; Q1
D) exported; Q5 - Q1
E) imported; Q5 - Q3

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