Refer to the table below to answer the following question.
Table 15.1.3
-Refer to Table 15.1.3.The table shows a country's demand and supply schedules.At what world price would the country export?

Question

Refer to the table below to answer the following question.
Table 15.1.3 
-Refer to Table 15.1.3.The table shows a country's demand and supply schedules.At what world price would the country export?

Quizplus · Accepted Answer

For a country to export, the world price must be higher than the domestic price at which the country's supply exceeds its demand. If the world price is above $8 a unit, the country's supply would exceed its domestic demand, leading to exports.

Refer to the Table Below to Answer the Following Question