Table 7.2.2

-Table 7.2.2 shows a country's demand and supply schedules. Based on Table 7.2.2, 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 7.2.2
 
-Table 7.2.2 shows a country's demand and supply schedules. Based on Table 7.2.2, 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 a unit because at this price, the domestic supply exceeds domestic demand, allowing the surplus to be sold internationally.

Table 7.2.2 -Table 7.2.2 Shows a Country's Demand and Supply Schedules. Based