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Author Question: The table below shows hypothetical Canadian domestic demand and supply schedules for granite. Assume ... (Read 78 times)

tyratatyanna

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on: Oct 12, 2022
The table below shows hypothetical Canadian domestic demand and supply schedules for granite. Assume there are no restrictions on trade.

World Price
of Granite
($/tonne)		Quantity Demanded of Granite
(tonnes)		Quantity Supplied
of Granite
(tonnes)
1000  20170
  900  40140
  800  60110
  700  80  80
  600100  50
  500120  20
  400140    0
  300160    0

TABLE 19-6

Refer to Table 19-6. Suppose the world price of granite is $900. What quantity will Canada import or export?
◦ Canada will export 140 tonnes.
◦ Canada will import 100 tonnes.
◦ Canada will export 100 tonnes.
◦ Canada will neither import nor export.
◦ Canada will import 40 tonnes.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by tyratatyanna on Oct 12, 2022

Marys

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tyratatyanna

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Reply 2 on: Oct 12, 2022
Excellent

amynguyen1221

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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