Which of the following statements is correct?

Question

Quizplus · Accepted Answer

All the statements are correct. A) The demand for imports in a country is indeed determined by the excess demand for a commodity that cannot be met by domestic production alone. B) Similarly, the supply of exports from a country is determined by the excess supply of a commodity that exceeds domestic demand. C) The supply curve of exports is typically flatter than the total supply curve of the commodity because it represents the portion of supply that is available for export after domestic demand has been satisfied, often at lower marginal costs as production scales up.

Which of the Following Statements Is Correct