Table 17.2 -Refer to Table 17.2, Which Shows the Demand, Supply, and the Demand

question 198

Multiple Choice

Table 17.2

-Refer to Table 17.2, which shows the demand, supply, and price of tulips in the Netherlands. If the world price of tulips is $1 and there are no trade restrictions, the Netherlands will _____

• A) produce 7,000, consume 10,000, and export 3,000 tulips.
• B) produce 10,000 and consume 10,000 tulips.
• C) produce 9,000, consume 6,000, and export 6,000 tulips.
• D) import all of the tulips that it consumes.
• E) consume all of the tulips that it produces.

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Definitions:

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Bipolar Cell

A type of neuron in the retina of the eye; receives input from the photoreceptors (rods and cones) and synapses on ganglion cells.

Ciliary Muscle

A ring-shaped muscle in the eye's middle layer (uvea) that controls the lens's shape for focusing and accommodation.

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