The Table Below Shows the Quantity Demanded (In Thousands)and Quantity

question 112

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S.and Canada at different prices. Table 34.5
According to Table 34.5, the equilibrium quantity of computers traded in the world market is:

• A)20, 000 computers.
• B)30, 000 computers.
• C)10, 000 computers.
• D)15, 000 computers.
• E)40, 000 computers.

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Definitions:

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.

Exchange Rate

The value of one currency for the purpose of conversion to another currency.

Depreciate

To decrease in financial value over time, particularly in reference to assets like vehicles or machinery.

Supply

The total amount of a specific good or service available for purchase at any given price in a market.