Table: Semiconductors If the Domestic Economy in This Table Opens Up to }

question 57

Multiple Choice

Table: Semiconductors $\begin{array}{ccc}\hline \text { Price (per unit in dollars) } & \begin{array}{c}\text { Quantity Demanded of } \\\text { Semiconductors (Domestic) }\end{array} & \begin{array}{c}\text { Quantity Supplied of } \\\text { Semiconductors (Domestic }\end{array} \\\hline \$ 3.00 & 500 & 700 \\2.50 & 580 & 650 \\2.00 & 600 & 600 \\1.50 & 700 & 550 \\1.00 & 850 & 500 \\\hline\end{array}$ If the domestic economy in this table opens up to international trade at the world price of $1.50 per semiconductor, this economy will:

• A) export 550 semiconductors.
• B) export 150 semiconductors.
• C) import 550 semiconductors.
• D) import 150 semiconductors.

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