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 (Qd) , and Column 3 is the quantity supplied domestically (Qₛd) . If Country X opens itself up to international trade and the world-market price of the product is $3, then Country X will
A) neither export nor import the product.
B) export some units of the product.
C) import some units of the product.
D) not produce the product.
Correct Answer:

Verified
Correct Answer:
Verified
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