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The Accompanying Tables Show Data for the Hypothetical Nations of Alpha

Question 128

Multiple Choice

The accompanying tables show data for the hypothetical nations of Alpha and Beta. Qₛis domestic quantity supplied, and Q<sub>d</sub> is domestic quantity demanded. Assuming that Alpha and Beta are the only two nations in the world, 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. The accompanying tables show data for the hypothetical nations of Alpha and Beta. Qₛis domestic quantity supplied, and Qd is domestic quantity demanded. Assuming that Alpha and Beta are the only two nations in the world, 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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