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Country X \quad\quad { Country ~X } The Accompanying Table Gives Data for Country

Question 217

Multiple Choice

Country X \quad\quad { Country ~X }
PriceQddQSd$5.002004004.002503503.003003002.003502501.00400200\begin{array} { | c | c | c | } \hline Price & Q _ { d d } & Q _ { S d } \\\hline \$ 5.00 & 200 & 400 \\\hline 4.00 & 250 & 350 \\\hline 3.00 & 300 & 300 \\\hline 2.00 & 350 & 250 \\\hline 1.00 & 400 & 200 \\\hline\end{array}
The accompanying table gives data for Country X X . Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Qdd) \left(Q_{d d}\right) , and Column 3 is the quantity supplied domestically (Qsd) \left(Q_{s d}\right) . If Country X X opens itself up to international trade and the world-market price of the product is $3 \$ 3 , then Country X X will


A) neither export nor import the product.
B) export some units of the product.
C) import some units of the product.
D) not produce the product.

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