The Following Data Is for the Hypothetical Nations of Alpha

question 22

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 must be higher than $1 because at $1:

• A)Beta wants to import more than Alpha.
• B)Alpha wants to export more than Beta.
• C)both nations want to export steel.
• D)both nations want to import steel.

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