$ \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 $\left( Q _ { s d } \right)$. At what price will Country $Y$ export 100 units of the product?

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 $\left( Q _ { s d } \right)$. At what price will Country $Y$ export 100 units of the product?

Quizplus · Accepted Answer

At a price of $8.00, the quantity demanded domestically is 300 units, and the quantity supplied domestically is 400 units. This means there is an excess supply of 100 units, which could potentially be exported.

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