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-Table 22-4 Presents the Demand and Supply Schedules for Television

Question 7

Multiple Choice


-Table 22-4 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 the United States? A) P = $100, Q = 100  B) P = $200, Q = 85  C) P = $300, Q = 70  D) P = $500, Q = 50
-Table 22-4 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 the United States?


A) P = $100, Q = 100 
B) P = $200, Q = 85 
C) P = $300, Q = 70 
D) P = $500, Q = 50

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