(Figure: Home's Import­Competing Industry) Based on the Graph, Which

Multiple Choice

(Figure: Home's Import­Competing Industry) Based on the graph, which
Of the following statement(s) about the Home import demand curve
Is(are) CORRECT?
I.The Home import demand curve shows total imports of the product at
Various world prices
II.According to the Home import demand curve, this nation would import
Nothing when the world price is $100.
III.According to the Home import demand curve, this nation would import
900 units when the world price of $50.

A) I
B) II
C) III
D) I, II, and III