Table 31.1.3

-Refer to Table 31.1.3. The table shows a country's demand and supply schedules. At what world price would the country export?

Name: Table 31.1.3 -Refer to Table 31.1.3. The table shows a country's demand and supply schedules. At what world price would the country export?
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Question

Table 31.1.3
 
-Refer to Table 31.1.3. The table shows a country's demand and supply schedules. At what world price would the country export?

Quizplus · Accepted Answer

The country would export at any price above $8 because at these prices, the domestic supply exceeds domestic demand, allowing for surplus production to be sold internationally.

Table 31.1.3 -Refer to Table 31.1.3. the Table Shows a Country's Demand