The Following Data Is for the Hypothetical Nations of Alpha

question 41

Multiple Choice

The following data is for the hypothetical nations of Alpha and Beta.Q_s is domestic quantity supplied and Q_d is domestic quantity demanded.

-Refer to the above data.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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