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The Accompanying Table Gives Data for Country X

Question 39

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 the world price is $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. 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 the world price is $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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