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 (Qd) , and Column 3 is the quantity supplied domestically (Qₛd) . If Country X opens itself up to international trade, at what world price will it begin importing some units of the product?
Definitions:
Inventory of Skills
An assessment or list identifying an individual’s abilities, competencies, and qualifications, often used for career planning and development.
Major Change
Significant alteration or transformation in an organization, system, or personal life direction.
Major Decision
A significant choice or judgement that has a long-lasting effect on an individual's life or an organization's direction.
Academic Departments
Organizational units within a college or university, each focusing on a specific discipline or field of study, responsible for coordinating the curriculum, faculty, and students within that area.
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