-Refer to the Table in the Exhibit, Which Illustrates the

question 92

Multiple Choice

$$\begin{array} { c c | c c } \hline{ \text { Demand } } && { \text { Supply } } \\\hline \mathrm { Q } & \mathrm { P } & \mathrm { Q } & \mathrm { P } \\\hline 12,000 & \$ 0 & 6,000 & \$ 0 \\10,000 & 1 & 7,000 & 1 \\8,000 & 2 & 8,000 & 2 \\6,000 & 3 & 9,000 & 3 \\4,000 & 4 & 10,000 & 4 \\\hline\end{array}$$
-Refer to the table in the exhibit, which illustrates the domestic supply and demand for tulips in The Netherlands.Suppose the world price of tulips is $1, and no trade restrictions are in place.What would happen in The Netherlands' tulip market?  

• A) The Netherlands would export all the tulips it produces. 
• B) The Netherlands would produce no tulips. 
• C) The Netherlands would import all of the tulips it consumes. 
• D) The Netherlands would consume all of the tulips it produces.