The Following Data Is for the Hypothetical Nations of Alpha

question 46

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 world price of steel must be between:

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

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