If an Exporter's Supply Curve of a Commodity Is Upward

question 60

Multiple Choice

If an exporter's supply curve of a commodity is upward sloping, and if a change in import demands in other countries leads them to increase their exports, other things equal, we would expect

• A)​the domestic price of the commodity will fall.
• B)​the domestic price of the commodity will exceed the price in foreign countries.
• C)​the domestic price of the commodity will be below the price in foreign countries.
• D)​the domestic price of the commodity will rise.

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Definitions:

Females

The sex of an organism, or part of a population, which produces non-mobile ova (egg cells) and can typically bear offspring.

Living in Groups

The behavior of organisms that involves residing and acting together in organized groups or communities for mutual benefit, such as increased protection and resource acquisition.

Susceptibility

The likelihood or predisposition to be affected by a particular condition, disease, or external factor.

Infectious Disease

Diseases caused by pathogens such as bacteria, viruses, fungi, or parasites that can be spread, directly or indirectly, from one individual to another.