When foreign trade is permitted,the eventual price of a given item will reflect the level where

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When foreign trade is permitted, the eventual price of a given item will reflect the level where the amount one country wants to export equals the amount the other wants to import. The price will reach a point where the quantity of goods that the exporter wants to sell will be equal to the quantity of goods that the importer wants to buy, which is known as the equilibrium price.

When Foreign Trade Is Permitted,the Eventual Price of a Given