Refer to the Accompanying Table for a Certain Product's Market

question 211

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Quantity Demanded } \\\text { Domestically }\end{array} & \text { Price } & \begin{array} { c } \text { Quantity Supplied } \\\text { Domestically }\end{array} \\\hline 1,400 & \$ 10 & 2,200 \\\hline 1,600 & 9 & 2,000 \\\hline 1,800 & 8 & 1,800 \\\hline 2,000 & 7 & 1,600 \\\hline 2,200 & 6 & 1,400 \\\hline 2,400 & 5 & 1,200 \\\hline\end{array}$$ Refer to the accompanying table for a certain product's market in Econland. If Econland was entirely closed to international trade, the equilibrium price and quantity would be

• A) $9 and 2,000 units.
• B) $8 and 1,800 units.
• C) $7 and 2,000 units.
• D) $6 and 1,400 units.

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Definitions:

Ethnic Groups

Social groups that share a common national or cultural tradition, often characterized by shared language, religion, and other cultural elements.

Evolutionary Perspective

An approach in psychology that explains human behavior and mental processes through the lens of adaptation and survival, influenced by the principles of natural selection.

Reproductive Advantages

Benefits in the context of natural selection that increase an organism's chances of reproducing and passing on genes to the next generation.

Psychological Traits

Enduring characteristics or behaviors that are consistent over time and across situations, and help define an individual's personality.