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The Diagram Below Shows the Domestic Demand and Supply Curves

Question 76

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 33- 5 -Refer to Figure 33- 5. If Paperland engages in international trade and the world price is P<sub>C</sub><sub> </sub>, the amount of newsprint will be . A) imported; Q<sub>4 </sub>- Q<sub>2</sub>. B) exported; Q<sub>4 </sub>- Q<sub>2</sub>. C) imported; Q<sub>3</sub> D) exported; Q<sub>2</sub> E) imported; Q<sub>4</sub> FIGURE 33- 5
-Refer to Figure 33- 5. If Paperland engages in international trade and the world price is PC , the amount of newsprint will be .


A) imported; Q4 - Q2.
B) exported; Q4 - Q2.
C) imported; Q3
D) exported; Q2
E) imported; Q4

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