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 will export steel.
B) both nations will import steel.
C) Alpha will export steel and Beta will import steel.
D) Beta will export steel and Alpha will import steel.
Correct Answer:
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Q59: Export supply curves are _; import demand
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