If a Nation Exports a Product, Then the Price of That

question 210

Multiple Choice

If a nation exports a product, then the price of that product in the nation

• A) will rise above the domestic (no-trade) equilibrium price.
• B) will fall below the domestic (no-trade) equilibrium price.
• C) will remain the same as the domestic (no-trade) equilibrium price.
• D) may either rise or fall, depending on the product.