(Figure: Market for TVs 2) According to the figure, if there is international trade in this market, and the world price of a television is $400, the quantity demanded is _____, and the quantity supplied is _____ at the world price.
A) 80,000; 20,000
B) 20,000; 80,000
C) 40,000; 70,000
D) 70,000; 40,000
Correct Answer:
Verified
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