If a country's price in the absence of trade is lower than the price with trade,then the domestic quantity supplied with trade is _____ the domestic quantity demanded.

Question

Quizplus · Accepted Answer

When a country's price in the absence of trade is lower than the price with trade, it indicates the country is exporting goods. Therefore, the domestic quantity supplied (which includes the quantity exported) is greater than the domestic quantity demanded.

If a Country's Price in the Absence of Trade Is