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The Accompanying Tables Show Data for the Hypothetical Nations of Alpha

Question 123

Multiple Choice

The accompanying tables show data for the hypothetical nations of Alpha and Beta. Qₛis domestic quantity supplied, and Q<sub>d</sub> is domestic quantity demanded. At a world price of $5, A) Alpha will want to import 50 units of steel. B) Beta will want to import 60 units of steel. C) Alpha will want to export 50 units of steel. D) neither country will want to export steel. The accompanying tables show data for the hypothetical nations of Alpha and Beta. Qₛis domestic quantity supplied, and Qd is domestic quantity demanded. At a world price of $5,


A) Alpha will want to import 50 units of steel.
B) Beta will want to import 60 units of steel.
C) Alpha will want to export 50 units of steel.
D) neither country will want to export steel.

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