The Table Shows a Schedule of the Import Demand in Country

question 107

Multiple Choice

The table shows a schedule of the import demand in Country $A$ and the export supply in Country $B$ at various dollar prices. Column 1 is the price of the product. Column 2 is the quantity demanded for imports $\left(Q_{\text {diA) }}\right.$ in Country $A$ . Column 3 is the quantity of exports supplied $\left(Q_{se B) }\right.$ by Country $B$ .
$\begin{array}{|c|c|c|}\hline \text { Price } & Q_{\text {diA }} & Q_{\text {SeB }} \\\hline \$ 4.00 & 0 & 200 \\\hline 3.00 & 100 & 100 \\\hline 2.00 & 200 & 0 \\\hline 1.00 & 300 & 0 \\\hline\end{array}$ The equilibrium world price in this two-nation model will be

• A) $4.00.
• B) $3.00.
• C) $2.00.
• D) $1.00.