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.Assuming that Alpha and Beta are the only two nations in the world,the equilibrium world price must be higher than $1 because at $1:
A) Beta wants to import more than Alpha.
B) Alpha wants to export more than Beta.
C) both nations want to export steel.
D) both nations want to import steel.
Correct Answer:
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