Refer to the information provided in Figure 4.5 below to answer the question(s) that follow. Figure 4.5
-Refer to Figure 4.5. At the world price of $15 per CD-Rom drive, the United States imports ________ million CD-Rom drives.
A) 3
B) 6
C) 9
D) 12

Question

Refer to the information provided in Figure 4.5 below to answer the question(s) that follow.  Figure 4.5
-Refer to Figure 4.5. At the world price of $15 per CD-Rom drive, the United States imports ________ million CD-Rom drives.
A) 3 
B) 6 
C) 9 
D) 12

Quizplus · Accepted Answer

At the world price of $15, the quantity demanded in the United States exceeds the quantity supplied. The difference between the quantity demanded (21 million) and the quantity supplied (12 million) at this price is 9 million CD-Rom drives, indicating the volume of imports.

Refer to the Information Provided in Figure 4