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Answer the Question on the Basis of the Following Data

Question 55

Multiple Choice

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.  Domestic Market For Steel, Alpha Qs6040302010P$54321Qd1020304050\begin{array}{c}\underline{\text { Domestic Market For Steel, Alpha }}\\\begin{array}{c}\underline{Q_{s}}\\ 60\\40\\30\\20\\10 \end{array}\begin{array}{c}\underline{P}\\\$ 5 \\4 \\3 \\2 \\1 \end{array}\begin{array}{l}\underline{Q_{d}} \\10 \\20 \\30 \\40 \\50 \end{array}\end{array}

 Domestic Market For Steel, Beta Qs8070605040P$54321Qd2030405060\begin{array}{c}\underline{\text { Domestic Market For Steel, Beta }}\\\begin{array}{c}\underline{Q_{s}}\\ 80 \\70 \\60 \\50 \\40\end{array}\begin{array}{c}\underline{P}\\\$ 5 \\4 \\3 \\2 \\1 \end{array}\begin{array}{l}\underline{Q_{d}} \\20 \\30 \\40 \\50 \\60 \end{array}\end{array}


Refer to the given data.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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