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.
Refer to the above data.The equilibrium prices of steel in Alpha and Beta are:
A) $3 and $2, respectively.
B) $2 and $4, respectively.
C) $4 and $5, respectively.
D) $1 and $2, respectively.
Correct Answer:
Verified
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