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The Following Data Is for the Hypothetical Nations of Alpha

Question 46

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The following data is for the hypothetical nations of Alpha and Beta.Qs is domestic quantity supplied and Qd is domestic quantity demanded. The following data is for the hypothetical nations of Alpha and Beta.Q<sub>s</sub> is domestic quantity supplied and Q<sub>d</sub> is domestic quantity demanded. Refer to the above data.The equilibrium world price of steel must be between: A) $5 and $4. B) $4 and $3. C) $3 and $2. D) $2 and $1. Refer to the above data.The equilibrium world price of steel must be between:


A) $5 and $4.
B) $4 and $3.
C) $3 and $2.
D) $2 and $1.

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