Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta.Qs is domestic quantity supplied and Qd is domestic quantity demanded.
Refer to the given data.The domestic equilibrium prices of steel in Alpha and Beta are:
A) $5 and $4,respectively.
B) $2 and $4,respectively.
C) $3 and $2,respectively.
D) $1 and $2,respectively.
Correct Answer:
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