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Based on the data in the table, which of the following
is true?
A. Country X has a comparative
advantage in producing cars.
B. Country Y has a comparative
advantage in producing cars.
C. Country X has an absolute advantage
in producing cars.
D. Country X has an absolute advantage
in producing motorcycles.
E. Country Y has a comparative
advantage in producing motorcycles.

Based on the data in the table, which of the following is true? A. Country X has a comparative advantage in producing cars. B. Country Y has a comparative advan class=

Answer :

Parrain

Based on the competitive market shown in the graph, the true statement at a price of $20 is D. There is a shortage of 35 units.

What does the graph show?

The graph shows the various demand and supply quantities for a good or service in a competitive market.

At a price of $20, we can see that the supply is a quantity of 25 and the demand is at a quantity of 60.

This means that there is a shortage and that shortage is:

= 60 - 25

= 35 units

In conclusion, the shortage is 35 units.

Find out more on shortage at https://brainly.com/question/1451952

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