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Author Question: Based on the table below, at what world price would the country import the good? Price Q Demanded ... (Read 56 times)

asan beg

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on: Jun 29, 2018
Based on the table below, at what world price would the country import the good?
 
  Price Q Demanded Q Supplied
  2 100 70
  4 95 75
  6 90 80
  8 85 85
  10 80 90
  12 75 95
 
  A) a price below 8
  B) at exactly 8
  C) a price above 8
  D) It is impossible to say.

Question 2

An increase in the number of consumers
 
  A) results only in a movement along the demand curve.
  B) shifts the supply curve leftward.
  C) shifts the demand curve rightward.
  D) Both answers B and C are correct.


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ririgirl15

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


asan beg

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Wow, this really help

shailee

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  • Posts: 392
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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