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The Accompanying Table Gives Data for Country X

Question 257

Multiple Choice

The accompanying table gives data for Country X. Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Q<sub>d</sub>) , and Column 3 is the quantity supplied domestically (Qₛ<sub>d</sub>) . If Country X opens itself up to international trade and the world-market price of the product is $3, then Country 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. The accompanying table gives data for Country X. Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Qd) , and Column 3 is the quantity supplied domestically (Qₛd) . If Country X opens itself up to international trade and the world-market price of the product is $3, then Country 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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