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Table 18-4 -Table 18-4 Presents the Demand and Supply Schedules for Television

Question 124

Multiple Choice

Table 18-4
 Quantity  Quantity  Quantity  Quantity  Price per  Demanded  Supplied  Demanded  Supplied  TV  in United States  in United States  Japan  Japan  (dollars)   (thousands)   (thousands)   (thousands)   (thousands)  100100101002520085208550300703070704006040608050050505090600406040100700307030110800308020120\begin{array}{ccccccc}\text { Quantity }&\text { Quantity }&\text { Quantity }&\text { Quantity }&\\\text { Price per } & \text { Demanded } & \text { Supplied } & \text { Demanded } & \text { Supplied } \\\text { TV } & \text { in United States } & \text { in United States } & \text { Japan } & \text { Japan } \\\underline {\text { (dollars) }} &\underline { \text { (thousands) }} & \underline { \text { (thousands) }} &\underline { \text { (thousands) }} & \underline { \text { (thousands) }} \\100 & 100 & 10 & 100 & 25 \\200 & 85 & 20 & 85 & 50 \\300 & 70 & 30 & 70 & 70 \\400 & 60 & 40 & 60 & 80 \\500 & 50 & 50& 50 & 90 \\600 & 40 & 60 & 40 & 100 \\700 & 30 & 70 & 30 & 110 \\800 & 30 & 80 & 20 & 120\end{array}
-Table 18-4 presents the demand and supply schedules for television sets in Japan and the United States.If the United States and Japan trade with each other, what will happen to the output of television sets in the United States?


A) TV production in the United States will fall by 10,000 units.
B) TV production in the United States will fall by 20,000 units.
C) TV production in the United States will fall by 30,000 units.
D) TV production in the United States will increase by 10,000 units.

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