The table below shows the domestic price of a pair of trousers in four countries.
-Refer to the table above.If the world price for a pair of trousers is $12,then which of the following statements is true?
A) All four countries will export trousers.
B) All four countries will import trousers.
C) Country A and Country B will import trousers, whereas Country C and Country D will export trousers.
D) Country C and Country D will import trousers, whereas Country A and Country B will export trousers.
Correct Answer:
Verified
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