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

question 59

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 the United States and Japan decide to trade with each other, what will happen to the output of television sets in Japan?

• A) TV production in Japan will fall by 10,000 units.
• B) TV production in Japan will fall by 20,000 units.
• C) TV production in Japan will fall by 30,000 units.
• D) TV production in Japan will increase by 10,000 units.

---

Definitions:

Senior Positions

Job roles within an organization that carry a high level of responsibility, authority, and usually, experience requirements.

Millennials

A generational cohort born approximately between 1981 and 1996, known for their comfort with digital technologies and different values compared to previous generations.

Generation Xers

Individuals born approximately between 1965 and 1980, known for their independent thinking and work-life balance.

Technology

The development of scientific knowledge as applied to machinery and devices.