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Use the Following Table for Country X to Answer the Question

Question 105

Multiple Choice

Use the following table for Country X to answer the question below. Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Qdd) and Column 3 is the quantity supplied domestically (Qsd) . Use the following table for Country X to answer the question below. Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Q<sub>dd</sub>) and Column 3 is the quantity supplied domestically (Q<sub>sd</sub>) . Refer to the table above. 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 Refer to the table above. 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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