The following data is for the hypothetical nations of Alpha and Beta.Qs is domestic quantity supplied and Qd is domestic quantity demanded.
-Refer to the above data.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:
Verified
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