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World Price
The international market price of a good or service, determined by the global supply and demand forces.
Export Supply Curve
A graphical representation showing how the quantity of goods a country exports changes in response to different prices on the international market.
Domestic Price
The price of goods or services within a country's borders, influenced by domestic demand and supply, excluding international factors.
Import Demand Curve
The import demand curve represents the relationship between the quantity of a good that a country imports and the price of that good.
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