The Following Data Is for the Hypothetical Nations of Alpha

question 126

Multiple Choice

The following data is for the hypothetical nations of Alpha and Beta.Q_s is domestic quantity supplied and Q_d is domestic quantity demanded. Refer to the above data.The equilibrium prices of steel in Alpha and Beta are:

• A)$3 and $2, respectively.
• B)$2 and $4, respectively.
• C)$4 and $5, respectively.
• D)$1 and $2, respectively.

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