Use the Following Table to Answer the Question(s)below for Country

question 70

Multiple Choice

Use the following table to answer the question(s) below for Country Y,which is open to trade.Column 1 shows the price of a product,column 2 shows the domestic quantity demanded domestically (Qd) ,and column 3 shows the domestic quantity supplied (Qs) .

-Refer to the above table.At a price of $9.00,there will be

• A) imports of 200 units.
• B) exports of 200 units.
• C) exports of 100 units.
• D) imports of 100 units.
• E) imports of 400 units.

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Definitions:

Demand For Tomatoes

The desire and ability of consumers to purchase tomatoes at various prices, influenced by factors such as income, taste, and price of substitutes.

Lettuce Crop

Horticultural practice involving the cultivation of lettuce for consumption as a leafy green vegetable.

Flooding

An overflow of water that submerges land that is usually dry, usually caused by heavy rainfall or other hydrological phenomena.

Price Restrictions

Regulations or limitations placed on the pricing of goods and services, often to control inflation or protect consumers.