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

question 286

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 the world price for this product were $6, then Econland would import

• A) 400 units and domestic producers would supply 1,400.
• B) 800 units and domestic producers would supply 1,400.
• C) 800 units and domestic producers would supply 2,200.
• D) 400 units and domestic producers would supply 2,200.

---

Definitions:

Mental Illness

A condition that affects a person's thinking, feeling, behavior, or mood, significantly interfering with daily life and functioning.

Psychogenic Therapy

A therapeutic approach that assumes psychological factors are a significant component in the cause or exacerbation of physical symptoms.

Demonology

The study of demons or beliefs about demons, often within the context of religion and mythology.

Middle Ages

A period in European history from the 5th to the late 15th century, marking the transition from the Classical to the Modern world.