A market is open to international trade.At the world price, the quantity demanded is 150 units and the quantity supplied is 200 units.This country will

Question

Quizplus · Accepted Answer

At the world price, the quantity supplied (200 units) is greater than the quantity demanded (150 units), indicating a surplus. This surplus will lead to the country exporting the excess units to other countries, which is represented by choice C: export 50 units.

A Market Is Open to International Trade