Table 18-4 -Table 18-4 Presents the Demand and Supply Schedules for Television

question 66

Multiple Choice

Table 18-4
$\begin{array}{ccccccc}\text { Quantity }&\text { Quantity }&\text { Quantity }&\text { Quantity }&\\\text { Price per } & \text { Demanded } & \text { Supplied } & \text { Demanded } & \text { Supplied } \\\text { TV } & \text { in United States } & \text { in United States } & \text { Japan } & \text { Japan } \\\underline {\text { (dollars) }} &\underline { \text { (thousands) }} & \underline { \text { (thousands) }} &\underline { \text { (thousands) }} & \underline { \text { (thousands) }} \\100 & 100 & 10 & 100 & 25 \\200 & 85 & 20 & 85 & 50 \\300 & 70 & 30 & 70 & 70 \\400 & 60 & 40 & 60 & 80 \\500 & 50 & 50& 50 & 90 \\600 & 40 & 60 & 40 & 100 \\700 & 30 & 70 & 30 & 110 \\800 & 30 & 80 & 20 & 120\end{array}$
-Table 18-4 presents the demand and supply schedules for television sets in Japan and the United States.If the United States and Japan trade with each other, what will happen to the output of television sets in the United States?

• A) TV production in the United States will fall by 10,000 units.
• B) TV production in the United States will fall by 20,000 units.
• C) TV production in the United States will fall by 30,000 units.
• D) TV production in the United States will increase by 10,000 units.

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Definitions:

Presentation

The act of showing or explaining the content of a topic to an audience or group.

Virtual Meetings

Conferences or discussions conducted via internet technologies, allowing participants to interact from different locations.

Ground Rules

Basic guidelines or agreed-upon principles set before starting a project, meeting, or group activity to ensure smooth operation.

Effective Meetings

Meetings that are purposefully planned and executed to achieve clear outcomes, making efficient use of participants' time and contributions.