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If the World Supply Curve Is SW1

Question 10

Multiple Choice

If the world supply curve is SW1, If the world supply curve is S<sub>W1</sub>, A) there is a trade surplus of Q<sub>2</sub> -Q1. B) there is a trade deficit of Q<sub>2</sub> -Q1. C) there is a trade deficit of Q<sub>1</sub> -Q2. D) there is a trade surplus of Q<sub>1</sub> -Q2.


A) there is a trade surplus of Q2 -Q1.
B) there is a trade deficit of Q2 -Q1.
C) there is a trade deficit of Q1 -Q2.
D) there is a trade surplus of Q1 -Q2.

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