$\quad\quad { Country ~X }$ The Accompanying Table Gives Data for Country

question 95

Multiple Choice

$\quad\quad { Country ~X }$
$\begin{array} { | c | c | c | } \hline Price & Q _ { d d } & Q _ { S d } \\\hline \$ 5.00 & 200 & 400 \\\hline 4.00 & 250 & 350 \\\hline 3.00 & 300 & 300 \\\hline 2.00 & 350 & 250 \\\hline 1.00 & 400 & 200 \\\hline\end{array}$
The accompanying table gives data for Country $X$ . Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically $\left( Q _ { d d } \right)$ , and Column 3 is the quantity supplied domestically $\left( Q _ { s d } \right.$ ) . If the world price is $\$ 5.00$ , there will be

• A) a domestic surplus of 100 units that will be exported.
• B) a domestic shortage of 100 units that will be imported.
• C) a domestic surplus of 200 units that will be exported.
• D) neither a domestic surplus nor a shortage.

---

Definitions:

Primary Data

Data collected directly by the researcher for the specific purpose of their study, involving first-hand evidence or new information.

Unique Visitors

Individuals who visit a website within a specific period, where each visitor is counted only once regardless of multiple visits.

Adaptation

The process of adjusting or changing to fit new conditions or environments.

Fast Food

Quick service food items that are prepared and served very quickly, typically in a packaged form for takeout.