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Help Save & Exit Use the following table for Country X to answer the next question. Column 1 of the table is the world-market price
Help Save & Exit Use the following table for Country X to answer the next question. Column 1 of the table is the world-market price of a product. Column 2 is the quantity demanded domestically (Qdd), and Column 3 is the quantity supplied domestically (Qsd). Assume the small-country model is applicable. Price Qdd Qsd $5.00 200 400 4.00 250 350 3.00 300 300 2.00 350 250 1.00 400 200 If Country X opens itself up to international trade and the world-market price of the product is $3, then Country X will neither export nor import the product export some units of the product import some units of the product not produce the product
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