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The Accompanying Tables Show Data for the Hypothetical Nations of Alpha

Question 126

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, at the equilibrium world price, A) both nations will export steel. B) both nations will import steel. C) Alpha will export steel and Beta will import steel. D) Beta will export steel and Alpha will import steel. 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, at the equilibrium world price,


A) both nations will export steel.
B) both nations will import steel.
C) Alpha will export steel and Beta will import steel.
D) Beta will export steel and Alpha will import steel.

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