$ \quad\quad { Country ~Y } $
$\begin{array} { | c | c | c | }
\hline Price & Q _ { \text {dd } } & Q _ { \text {sd } } \
\hline \$ 9.00 & 250 & 450 \
\hline 8.00 & 300 & 400 \
\hline 7.00 & 350 & 350 \
\hline 6.00 & 400 & 300 \
\hline
\end{array}$
The accompanying table gives data for Country Y. Column 1 is the price of a product. Column 2 is the quantity demanded domestically $\left( Q _ { d d } \right)$, and Column 3 is the quantity supplied domestically $\left( Q _ { s d } \right)$. If the world price of the product is $\$ 6$, then Country $Y$ will

Question

$ \quad\quad { Country ~Y } $
$\begin{array} { | c | c | c | } 
\hline Price & Q _ { \text {dd } } & Q _ { \text {sd } } \
\hline \$ 9.00 & 250 & 450 \
\hline 8.00 & 300 & 400 \
\hline 7.00 & 350 & 350 \
\hline 6.00 & 400 & 300 \
\hline
\end{array}$
The accompanying table gives data for Country Y. Column 1 is the price of a product. Column 2 is the quantity demanded domestically $\left( Q _ { d d } \right)$, and Column 3 is the quantity supplied domestically $\left( Q _ { s d } \right)$. If the world price of the product is $\$ 6$, then Country $Y$ will

Quizplus · Accepted Answer

At a world price of $\$6$, Country Y's domestic quantity supplied is 400 units and its domestic quantity demanded is 250 units. Therefore, it will have to import 150 units ($Q_{d}-Q_{s}=250-400=-150$) to satisfy its domestic demand.

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

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