Refer to the above diagram pertaining to two nations and a specific product.Lines FA and GB are:

Question

Quizplus · Accepted Answer

Lines FA and GB represent the export supply curves of two countries. This is because they show the quantity of the specific product that each country is willing and able to export at different prices. The intersection of these export supply curves determines the world price and the quantity of the product that will be traded between the two countries.

Refer to the Above Diagram Pertaining to Two Nations and a Specific