Country Y
Price Qdd Qsd
$9.00 250 450
8.00 300 400
7.00 350 350
6.00 400 300
The accompanying table gives data for Country Y. Column 1 is the price of a product. Column 2 is the quantity demanded domestically (Qdd), and Column 3 is the quantity supplied domestically (Qsd). If the world price of the product is $6, then Country Y will
Multiple Choice
export 300 units of the product.
import 100 units of the product.
import 400 units of the product.
export 100 units of the product