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The Table Above Has the Domestic Demand and Domestic Supply

Question 52

Multiple Choice

 Price  (dollars per unit)   Quantity demanded  (units per day)   Quantity supplied  (units per day)  22014419166181881720101622121524\begin{array} { c c c } \hline \begin{array} { c } \text { Price } \\\text { (dollars per unit) }\end{array} & \begin{array} { c } \text { Quantity demanded } \\\text { (units per day) }\end{array} & \begin{array} { c } \text { Quantity supplied } \\\text { (units per day) }\end{array} \\\hline 2 & 20 & 14 \\4 & 19 & 16 \\6 & 18 & 18 \\8 & 17 & 20 \\10 & 16 & 22 \\12 & 15 & 24 \\\hline\end{array} The table above has the domestic demand and domestic supply schedules for a good.
- If the world price of the good is $10, then according to the table


A) domestic production is higher before trade than after trade.
B) the country imports 6 units a day.
C) the country exports 22 units a day.
D) the country exports 6 units a day.
E) the country imports 16 units a day.

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