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

-International equilibrium occurs if the quantity of imports demanded by one country is equal to the quantity of exports supplied by the other country.

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
 
-International equilibrium occurs if the quantity of imports demanded by one country is equal to the quantity of exports supplied by the other country.

Quizplus · Accepted Answer

International equilibrium occurs when the quantity of imports demanded by one country is equal to the quantity of exports supplied by the other country, and this equilibrium is reflected in the prices and quantities in the table provided.

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