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The Following Table Gives the Hypothetical Supply and Demand of Television

Question 124

Multiple Choice

The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set. The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set. With free trade, how many TV sets will Guatemala produce? A) 800 B) 600 C) 400 D) 200 With free trade, how many TV sets will Guatemala produce?


A) 800
B) 600
C) 400
D) 200

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