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?
A)at only $8 a unit
B)any price below $8
C)a price of $6 a unit
D)a price of $4 a unit
E)any price above $8 a unit

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?
A)at only $8 a unit 
B)any price below $8 
C)a price of $6 a unit 
D)a price of $4 a unit 
E)any price above $8 a unit

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