Business, 25.04.2020 01:43 embersongracie

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.

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Refer to the given data. Assuming that Alpha and Beta are the only two nations in the world, the equilibrium world price must be lower than $4 because at $4:
Beta wants to export more than Alpha.
both nations want to import steel.

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Answer the question on the basis of the following data for the hypothetical nations of Alpha and Bet...