The Accompanying Tables Show Data for the Hypothetical Nations of P

question 135

Multiple Choice

$\begin{array}{l}\text { Domestic Market For Steel, Alpha }\\\begin{array}{|c|c|c|}\hline Q_{S} & P & Q_{d} \\\hline 60 & \$ 5 & 10 \\\hline 40 & 4 & 20 \\\hline 30 & 3 & 30 \\\hline 20 & 2 & 40 \\\hline 10 & 1 & 50 \\\hline\end{array}\end{array}$

$\begin{array}{l}\text { Domestic Market For Steel, Beta }\\\begin{array}{|c|c|c|}\hline Q_{S} & P & Q_{d} \\\hline 80 & \$ 5 & 20 \\\hline 70 & 4 & 30 \\\hline 60 & 3 & 40 \\\hline 50 & 2 & 50 \\\hline 40 & 1 & 60 \\\hline\end{array}\end{array}$

The accompanying tables show data for the hypothetical nations of Alpha and Beta. $Q_{S}$ is domestic quantity supplied, and $Q_{d}$ is domestic quantity demanded. Assuming that Alpha and Beta are the only two nations in the world, the equilibrium world price must be lower than $\$ 4$ because, at $\$ 4$ ,

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

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Definitions:

Neonate

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A chronic condition characterized by high levels of sugar in the blood, usually due to insulin resistance, deficiency, or both.

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The process of discharging urine from the bladder through the urethra to the outside of the body.

Suicide

The act of intentionally causing one's own death, often associated with mental health conditions such as depression.