The Accompanying Tables Show Data for the Hypothetical Nations of P

question 259

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

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Definitions:

Subclavian

Relating to the area beneath the clavicle (collarbone), particularly regarding vessels and nerves in that region.

Subcutaneous Tissue

The layer of tissue found directly under the skin, primarily consisting of fat and connective tissues that cushion and insulate the body.

Internal Jugular

A vein located at the side of the neck that collects blood from the brain, the outside of the face, and the neck, returning it to the heart.

Superior Vena Cava

A large vein carrying deoxygenated blood from the upper half of the body to the heart's right atrium.