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Table 17.2 -Refer to Table 17.2, Which Shows the Demand For, Supply

Question 139

Multiple Choice

Table 17.2
Table 17.2 -Refer to Table 17.2, which shows the demand for, supply of, and price of tulips in the Netherlands. If the world price of tulips is $4 and there are no trade restrictions, the Netherlands will _____ A) produce 10,000, consume 4,000, and import 6,000 tulips. B) produce 10,000, consume 4,000, and export 6,000 tulips. C) produce 4,000, consume 10,000, and import 6,000 tulips. D) produce 9,000, consume 6,000, and export 6,000 tulips. E) import all of the tulips that it consumes.
-Refer to Table 17.2, which shows the demand for, supply of, and price of tulips in the Netherlands. If the world price of tulips is $4 and there are no trade restrictions, the Netherlands will _____


A) produce 10,000, consume 4,000, and import 6,000 tulips.
B) produce 10,000, consume 4,000, and export 6,000 tulips.
C) produce 4,000, consume 10,000, and import 6,000 tulips.
D) produce 9,000, consume 6,000, and export 6,000 tulips.
E) import all of the tulips that it consumes.

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