Multiple Choice
The accompanying tables show data for the hypothetical nations of Alpha and Beta. is domestic quantity supplied, and is domestic quantity demanded. Assuming that Alpha and Beta are the only two nations in the world, the equilibrium world price must be lower than because, at ,
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.
Correct Answer:
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