Answer the Question on the Basis of the Following Data

question 62

Multiple Choice

Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta.Q_s is domestic quantity supplied and Q_d is domestic quantity demanded. $\begin{array}{c}\underline{\text { Domestic Market For Steel, Alpha }}\\\begin{array}{c}\underline{Q_{s}}\\ 60\\40\\30\\20\\10 \end{array}\begin{array}{c}\underline{P}\\\$ 5 \\4 \\3 \\2 \\1 \end{array}\begin{array}{l}\underline{Q_{d}} \\10 \\20 \\30 \\40 \\50 \end{array}\end{array}$

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


Refer to the given 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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Definitions:

Lateral Condyle

The outer part of the condyle, which is the round prominence at the end of a bone, most commonly referred to in the context of the knee joint.

Lesser Trochanter

A bony projection on the proximal femur, near the joint with the pelvis, serving as a site for muscle attachment.

Greater Trochanter

A prominent bony projection on the femur, near its proximal end, which serves as a site of muscle attachment.

Gluteal Tuberosity

The bony prominence on the proximal femur where some of the gluteal muscles attach.