In the following offer curve diagram,

At TOT₁, there is excess demand for __________, and the movement to equilibrium will result in better terms of trade for __________.

Question

In the following offer curve diagram,

At TOT₁, there is excess demand for __________, and the movement to equilibrium will result in better terms of trade for __________.

Quizplus · Accepted Answer

The Answer of In the following offer curve diagram, At TOT₁, there is excess demand for __________, and the movement to equilibrium will result in better terms of trade for __________. A) wine; France B) wine; Korea C) clothing; France D) clothing; Korea

In the Following Offer Curve Diagram