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The Accompanying Table Gives Data for Country X

Question 25

Multiple Choice

The accompanying table gives data for Country X. Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Q<sub>d</sub>) , and Column 3 is the quantity supplied domestically (Qₛ<sub>d</sub>) . If Country X opens itself up to international trade, at what world price will it begin importing some units of the product? A) any price below $5.00 B) any price above $5.00 C) any price below $3.00 D) any price above $3.00 The accompanying table gives data for Country X. Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Qd) , and Column 3 is the quantity supplied domestically (Qₛd) . If Country X opens itself up to international trade, at what world price will it begin importing some units of the product?


A) any price below $5.00
B) any price above $5.00
C) any price below $3.00
D) any price above $3.00

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