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

Question 95

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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. ) . If the world price is $5.00\$ 5.00 , there will be


A) a domestic surplus of 100 units that will be exported.
B) a domestic shortage of 100 units that will be imported.
C) a domestic surplus of 200 units that will be exported.
D) neither a domestic surplus nor a shortage.

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