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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

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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 Odd Qsd $5.00 206 100 4.00 250 356 3.00 306 300 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 Multiple Choice neither export nor import the product. O export some units of the product. O import some units of the product. O not produce the product. Activate Windo

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