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(Figure: Home's Import-Competing Industry) Based on the Graph, Which of the Following

Question 169

Multiple Choice

(Figure: Home's Import-Competing Industry) Based on the graph, which of the following statements is (are) correct? (Figure: Home's Import-Competing Industry) Based on the graph, which of the following statements is (are) correct? A) This nation will not produce anything if the world price is greater than $100. B) This nation will import nothing if the world price is $50. C) This nation would import 1,700 units if the world price is $50. D) This nation will produce 800 units if the world price is $50.


A) This nation will not produce anything if the world price is greater than $100.
B) This nation will import nothing if the world price is $50.
C) This nation would import 1,700 units if the world price is $50.
D) This nation will produce 800 units if the world price is $50.

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