Based on the Table Below, at What World Price Would

question 118

Multiple Choice

Based on the table below, at what world price would the country import?
$$\begin{array} { | l | l | l | } \hline \text { Price } & \text { QD emanded } & \text { Qsupplied } \\\hline 2 & 100 & 70 \\\hline 4 & 95 & 75 \\\hline 6 & 90 & 80 \\\hline 8 & 85 & 85 \\\hline 10 & 80 & 90 \\\hline 12 & 75 & 95 \\\hline\end{array}$$

• A) all prices below $8
• B) all prices above $8
• C) at exactly $8
• D) it is impossible to say

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