Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
jkim3464 jkim3464
wrote...
Go to Answer
Posts: 152
Rep: 0 0
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 $350 per tonne. What quantity will Canada import or export?

▸ Canada will export 140 tonnes.

▸ Canada will export 160 tonnes.

▸ Canada will import 0 tonnes.

▸ Canada will neither import nor export.

▸ Canada will import 150 tonnes.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 33 times
1 Reply
Replies
Answer verified by a subject expert
Chintan13Chintan13
wrote...
#1
Posts: 130
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jkim3464 Author
wrote...

A year ago
Just got PERFECT on my quiz
branbran2k16
wrote...

Yesterday
Smart ... Thanks!
noodlelicker
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1139 People Browsing
 117 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 580
  
 691
  
 667
Your Opinion
Where do you get your textbooks?
Votes: 328
Previous poll results: Who will win the 2024 president election?