Answer the Question on the Basis of the Following Data

question 23

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.Alpha's export supply is represented by:

• A)
• \(\begin{array} { l }
• \underline{ P }& \underline { Q } \\
• \$5&40\\
• 4&20 \\
• 3&0 \\
• \end{array}\)
• B)
• \(\begin{array} { l }
• \underline{ P }& \underline { Q } \\
• \$5&50\\
• 4&20 \\
• 3&0 \\
• \end{array}\)
• C)
• \(\begin{array} { l }
• \underline{ P }& \underline { Q } \\
• \$5&60\\
• 4&30 \\
• 3&0 \\
• \end{array}\)
• D)
• \(\begin{array} { l }
• \underline{ P }& \underline { Q } \\
• \$5&40\\
• 4&30 \\
• 3&15 \\
• \end{array}\)

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