Table 18-4 -Table 18-4 Presents the Demand and Supply Schedules for Television

question 188

Multiple Choice

Table 18-4
$\begin{array}{ccccccc}\text { Quantity }&\text { Quantity }&\text { Quantity }&\text { Quantity }&\\\text { Price per } & \text { Demanded } & \text { Supplied } & \text { Demanded } & \text { Supplied } \\\text { TV } & \text { in United States } & \text { in United States } & \text { Japan } & \text { Japan } \\\underline {\text { (dollars) }} &\underline { \text { (thousands) }} & \underline { \text { (thousands) }} &\underline { \text { (thousands) }} & \underline { \text { (thousands) }} \\100 & 100 & 10 & 100 & 25 \\200 & 85 & 20 & 85 & 50 \\300 & 70 & 30 & 70 & 70 \\400 & 60 & 40 & 60 & 80 \\500 & 50 & 50& 50 & 90 \\600 & 40 & 60 & 40 & 100 \\700 & 30 & 70 & 30 & 110 \\800 & 30 & 80 & 20 & 120\end{array}$
-Table 18-4 presents the demand and supply schedules for television sets in Japan and the United States.If there is no trade between these countries, what are the equilibrium price and quantity in the United States?

• A) P = $100, Q = 100
• B) P = $200, Q = 85
• C) P = $300, Q = 70
• D) P = $500, Q = 50

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Definitions:

Slow Speech

A speech pattern that is notably slower than average, often observed in various neurological, developmental, or psychological conditions.

Confusional Arousal

A sleep disorder characterized by waking up in a state of confusion and disorientation, often with no memory of the event.

Relatively Brief

Describes a time span or duration that is short compared to others but may vary depending on context.

Falling Asleep

The transition from wakefulness to sleep, marked by loss of consciousness and decreased responsiveness to external stimuli.