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Author Question: Refer to the table above. What is the shortage in the market when the price of a notebook is 3? ... (Read 38 times)

frankwu

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on: Jun 29, 2018
Refer to the table above. What is the shortage in the market when the price of a notebook is 3?
 
  A) 4 units
  B) 10 units
  C) 16 units
  D) 20 units

Question 2

Refer to the table above. If the world price of trousers is 5 per pair, then which of the following statements is true?
 
  A) All the four countries will import trousers.
  B) All the four countries will export trousers.
  C) Country A and Country D will export trousers, whereas Country B and Country C will import trousers.
  D) Country B and Country C will export trousers, whereas Country A and Country D will import trousers.


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Jayson

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

A

Answer to Question 2

A


frankwu

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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