Use the following table for Country X to answer the question below. Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Qdd) and Column 3 is the quantity supplied domestically (Qsd) .
Refer to the table above. If Country X opens itself up to international trade, at what world price will it begin importing some units of the product?
A) Any price below $5.00
B) Any price above $5.00
C) Any price below $3.00
D) Any price above $3.00
Correct Answer:
Verified
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