In a market open to international trade, at the world price the quantity demanded is 150 and quantity supplied is 200. This country will

Name: In a market open to international trade, at the world price the quantity demanded is 150 and quantity supplied is 200. This country will
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Since the quantity supplied (200) is greater than the quantity demanded (150) at the world price, the country will export the surplus of 50 units.

In a Market Open to International Trade, at the World