The Following Data Is for the Hypothetical Nations of Alpha

question 50

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.At a world price of $5:

• A)Alpha will want to import 50 units of steel.
• B)Beta will want to import 60 units of steel.
• C)Alpha will want to export 50 units of steel.
• D)neither country will want to export steel.

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