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The Following Data Is for the Hypothetical Nations of Alpha

Question 105

Multiple Choice

The following data is for the hypothetical nations of Alpha and Beta.Qs is domestic quantity supplied and Qd is domestic quantity demanded. The following data is for the hypothetical nations of Alpha and Beta.Q<sub>s</sub> is domestic quantity supplied and Q<sub>d</sub> is domestic quantity demanded. Refer to the above data.The equilibrium world price must be higher than $1 because at $1: A) Beta wants to import more than Alpha. B) Alpha wants to export more than Beta. C) both nations want to export steel. D) both nations want to import steel. Refer to the above data.The equilibrium world price must be higher than $1 because at $1:


A) Beta wants to import more than Alpha.
B) Alpha wants to export more than Beta.
C) both nations want to export steel.
D) both nations want to import steel.

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