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Suppose the World Price of a Good Is $4 A) Import 10 Units
B) Import 20 Units
C) Export

Question 6

Multiple Choice

Suppose the world price of a good is $4. Based on the table below, the country willould
 Price  QD emanded  QSupplied 210070495756908088585108090127595\begin{array} { | l | l | l | } \hline \text { Price } & \text { QD emanded } & \text { QSupplied } \\\hline 2 & 100 & 70 \\\hline 4 & 95 & 75 \\\hline 6 & 90 & 80 \\\hline 8 & 85 & 85 \\\hline 10 & 80 & 90 \\\hline 12 & 75 & 95 \\\hline\end{array}


A) import 10 units
B) import 20 units
C) export 20 units
D) export 10 units

Correct Answer:

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