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The Table Below Shows Hypothetical Canadian Domestic Demand and Supply

Question 112

Multiple Choice

The table below shows hypothetical Canadian domestic demand and supply schedules for granite.Assume there are no restrictions on trade. The table below shows hypothetical Canadian domestic demand and supply schedules for granite.Assume there are no restrictions on trade. TABLE 32-6 Refer to Table 32-6.Suppose the world price of granite is $350 per tonne.What quantity will Canada import or export? A) Canada will import 0 tonnes. B) Canada will import 150 tonnes. C) Canada will export 160 tonnes. D) Canada will neither import nor export. E) Canada will export 140 tonnes. TABLE 32-6 Refer to Table 32-6.Suppose the world price of granite is $350 per tonne.What quantity will Canada import or export?


A) Canada will import 0 tonnes.
B) Canada will import 150 tonnes.
C) Canada will export 160 tonnes.
D) Canada will neither import nor export.
E) Canada will export 140 tonnes.

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