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Refer to the Accompanying Table for a Certain Product's Market

Question 158

Multiple Choice

  Refer to the accompanying table for a certain product's market in Econland. If the world price for this product were $6, then Econland would import A) 400 units and domestic producers would supply 1,400. B) 800 units and domestic producers would supply 1,400. C) 800 units and domestic producers would supply 2,200. D) 400 units and domestic producers would supply 2,200. Refer to the accompanying table for a certain product's market in Econland. If the world price for this product were $6, then Econland would import


A) 400 units and domestic producers would supply 1,400.
B) 800 units and domestic producers would supply 1,400.
C) 800 units and domestic producers would supply 2,200.
D) 400 units and domestic producers would supply 2,200.

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