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The Following Data Is for the Hypothetical Nations of Alpha

Question 118

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 lower than $4 because at $4: A) both nations want to import steel. B) both nations want to export steel. C) Beta wants to export more than Alpha. D) Alpha wants to import more than Beta. Refer to the above data.The equilibrium world price must be lower than $4 because at $4:


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

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