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.At a world price of $2:

Question

Quizplus · Accepted Answer

At a world price of $2, the domestic quantity supplied for Alpha is 30 and the domestic quantity demanded is 10. This means there is excess supply of 20 units, which Alpha will want to export. The correct choice is therefore A, as Beta will not want to export steel in this scenario.

The Following Data Is for the Hypothetical Nations of Alpha