The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set. With free trade, how many TV sets will Guatemala import?
A) 1,800
B) 1,200
C) 800
D) 600

Question

The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set.  With free trade, how many TV sets will Guatemala import?
A) 1,800 
B) 1,200 
C) 800 
D) 600

Quizplus · Accepted Answer

The Answer of The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set.  With free trade, how many TV sets will Guatemala import?
A) 1,800 
B) 1,200 
C) 800 
D) 600

The Following Table Gives the Hypothetical Supply and Demand of Television