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Country X \quad\quad { Country ~X } The Accompanying Table Gives Data for Country

Question 155

Multiple Choice

Country X \quad\quad { Country ~X }
PriceQddQSd$5.002004004.002503503.003003002.003502501.00400200\begin{array} { | c | c | c | } \hline Price & Q _ { d d } & Q _ { S d } \\\hline \$ 5.00 & 200 & 400 \\\hline 4.00 & 250 & 350 \\\hline 3.00 & 300 & 300 \\\hline 2.00 & 350 & 250 \\\hline 1.00 & 400 & 200 \\\hline\end{array}
The accompanying table gives data for Country XX . Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Qdd) \left( Q _ { d d } \right) , and Column 3 is the quantity supplied domestically (QSd) \left( Q _ { S d } \right) . At what price will Country XX import 100 units of the product?


A) $4.00
B) $3.00
C) $2.00
D) $1.00

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