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Home Q & A Board Other Fields Homework Help Business Economics
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drwalkinboner drwalkinboner
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A year ago
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. At what price and quantity combination will Canada not engage in international trade in granite?

▸ $400 and 0 tonnes

▸ $1000 and 20 tonnes

▸ $700 and 80 tonnes

▸ $1000 and 170 tonnes

▸ $400 and 140 tonnes
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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heathernhullheathernhull
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A year ago
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