(Figure: Home's Import-Competing Industry) Based on the graph, which of the following statements is (are) correct?
A) This nation will not produce anything if the world price is greater than $100.
B) This nation will import nothing if the world price is $50.
C) This nation would import 1,700 units if the world price is $50.
D) This nation will produce 800 units if the world price is $50.

Question

(Figure: Home's Import-Competing Industry) Based on the graph, which of the following statements is (are) correct? 
A) This nation will not produce anything if the world price is greater than $100. 
B) This nation will import nothing if the world price is $50. 
C) This nation would import 1,700 units if the world price is $50. 
D) This nation will produce 800 units if the world price is $50.

Quizplus · Accepted Answer

The Answer of (Figure: Home's Import-Competing Industry) Based on the graph, which of the following statements is (are) correct? 
A) This nation will not produce anything if the world price is greater than $100. 
B) This nation will import nothing if the world price is $50. 
C) This nation would import 1,700 units if the world price is $50. 
D) This nation will produce 800 units if the world price is $50.

(Figure: Home's Import-Competing Industry) Based on the Graph, Which of the Following