The Accompanying Table Gives Data for Country X

question 39

Multiple Choice

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 (Q_d) , and Column 3 is the quantity supplied domestically (Qₛ_d) . 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.

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