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 (Qd) , and Column 3 is the quantity supplied domestically (Qₛd) . At what price will Country X import 100 units of the product?
A) $4.00
B) $3.00
C) $2.00
D) $1.00
Correct Answer:
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