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

question 130

Multiple Choice

The following figure shows the demand curve, D, and the supply curve, S, for calculators in Barylia in four different scenarios. Barylia is open to free trade.

-Refer to the figure above.Let the world price of calculators be $4.In what scenario(s) does Barylia become a net exporter of calculators?

• A) (1)
• B) (2)
• C) (1) and (3)
• D) (2), (3), and (4)

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Definitions:

Scrotum

The sac of skin housing the testicles, regulating their temperature for sperm production.

Spermatic Cord

A bundle of fibers and tissues in males that includes the vas deferens, blood vessels, nerves, and lymphatics, extending from the abdomen to the testicle.

Ejaculatory Duct

A tube through which semen enters the urethra during ejaculation, formed by the fusion of the vas deferens and the seminal vesicle.

Spermatogenic Cells

Cells located in the testis that undergo meiosis to produce spermatocytes, which ultimately develop into mature spermatozoa.