6) The above graph shows the supply and demand for cotton in the country of Spartania. The world price of cotton is $15. Spartania is able to import and export cotton, if it chooses to. Which of the following is true? A) Spartania will import 2 units of cotton. B) Spartania will import 4 units of cotton. C) Spartania will export 2 units of cotton. D) Spartania will export 4 units of cotton.

6) The above graph shows the supply and demand for cotton in the country of Spartania. The world price of cotton is $15. Spartania is able to import and export cotton, if it chooses to. Which of the following is true? A) Spartania will import 2 units of cotton. B) Spartania will import 4 units of cotton. C) Spartania will export 2 units of cotton. D) Spartania will export 4 units of cotton.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 19P

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