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Table 34-4 Table 34-4 Presents the Demand and Supply

Question 68

Multiple Choice

Table 34-4 Table 34-4 Table 34-4 presents the demand and supply schedules for television sets in Japan and the United States. If there is no trade between these countries, what are the equilibrium price and quantity in Japan? A) P = $100, Q = 100 B) P = $200, Q = 85 C) P = $300, Q = 70 D) P = $400, Q = 60 Table 34-4 presents the demand and supply schedules for television sets in Japan and the United States. If there is no trade between these countries, what are the equilibrium price and quantity in Japan?


A) P = $100, Q = 100
B) P = $200, Q = 85
C) P = $300, Q = 70
D) P = $400, Q = 60

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