The Following Figure Shows the Demand Curve, D, and the Supply

question 36

Multiple Choice

The following figure shows the demand curve, D, and the supply curve, S, for calculators in Barylia. The world price of calculators is $40.

-Refer to the figure above.Which of the following statements is true?

• A) After the economy opens up to free trade, it will import 40 calculators.
• B) After the economy opens up to free trade, it will export 40 calculators.
• C) After the economy opens up to free trade, it will import 70 calculators.
• D) After the economy opens up to free trade, it will export 70 calculators.

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