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

-If the world price of a good is equal to its no-trade equilibrium price, the country will import more of the good from other nations.

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
 
-If the world price of a good is equal to its no-trade equilibrium price, the country will import more of the good from other nations.

Quizplus · Accepted Answer

The table only shows the quantity demanded and supplied at different prices within the U.S. and Canada, it does not provide information on the world price or the no-trade equilibrium price. Therefore, we cannot make a conclusion about import or export based on this table alone.

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