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Use the following table for Country X to answer the question below. Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Qdd) and Column 3 is the quantity supplied domestically (Qsd) . Refer to the table above. If Country X opens itself up to international trade, at what world price will it begin importing some units of the product?
Limiting Reactant
The reactant in a chemical reaction that determines the amount of product formed due to its limited quantity.
Silver
A precious metal with the highest electrical conductivity of all metals, used in jewelry, coins, electronics, and photography.
Hydrochloric Acid
A strong, corrosive acid (HCl) that is a major component of gastric acid in the human stomach, used industrially for processing steel and purifying table salt.
Thallium Poison
The toxic effect caused by exposure to thallium, a heavy metal that can lead to symptoms ranging from hair loss to potentially fatal organ damage.
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