The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Which of the following looks at the demand side of the market to explain some of the observed international trade patterns?

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-Which of the following looks at the demand side of the market to explain some of the observed international trade patterns?

Quizplus · Accepted Answer

The theory of consumer preferences looks at the demand side of the market and how it affects international trade patterns. It focuses on how consumers' preferences for certain goods can lead to the production and export of those goods in countries that specialize in producing them.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity