Question: The table below represents the quantity of rice demanded for selected countries. Quantity of Rice Demanded (millions of metric tons) Price (U.S. dollars per metric

The table below represents the quantity of rice demanded for selected countries.

Quantity of Rice Demanded (millions of metric tons)
Price (U.S. dollars per metric ton) Japan Taiwan South Korea Market Total
$600 10 4 5
500 11 4.5 7
400 12 5 9
300 13 5.5 11
200 14 6 13

Instructions: Round your answers to 1 decimal place.

a. Fill in the market quantity of rice demanded (column "Market") for each given price.

b. What is the quantity of rice demanded in the market (in metric tons) if the market price is $500 per metric ton?

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