Use the following table for a certain product's market in Marketopia to answer the next question.Quantity Demanded DomesticallyPriceQuantity Supplied Domestically1,400$102,2001,60092,0001,80081,8002,00071,6002,20061,4002,40051,200If the world price for this product is $6, then Marketopia would import

A. 800 units and domestic producers would supply 2,200 units.
B. 800 units and domestic producers would supply 1,400 units.
C. 400 units and domestic producers would supply 1,400 units.
D. 400 units and domestic producers would supply 2,200 units.

Answer: B

Economics

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