The Table Above Has the Domestic Demand and Domestic Supply

question 56

Multiple Choice

$\begin{array} { c c c } \hline \begin{array} { c } \text { Price } \\\text { (dollars per unit) }\end{array} & \begin{array} { c } \text { Quantity demanded } \\\text { (units per day) }\end{array} & \begin{array} { c } \text { Quantity supplied } \\\text { (units per day) }\end{array} \\\hline 2 & 20 & 14 \\4 & 19 & 16 \\6 & 18 & 18 \\8 & 17 & 20 \\10 & 16 & 22 \\12 & 15 & 24 \\\hline\end{array}$ The table above has the domestic demand and domestic supply schedules for a good.
- If the world price of the good is $10, then according to the table

• A)domestic production is higher before trade than after trade.
• B)the country imports 6 units a day.
• C)the country exports 22 units a day.
• D)the country exports 6 units a day.
• E)the country imports 16 units a day.

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