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sunkiss22 sunkiss22
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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. 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.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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apontea13apontea13
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A year ago
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sunkiss22 Author
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A year ago
this is exactly what I needed
dedricgard
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Yesterday
Helped a lot
mmmm_dat_userna
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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