Multiple Choice
The world price of a commodity will settle at the level where
A) supply and demand are equal within each country.
B) the excess demand of the importing country is just equal to the excess supply of the exporting country.
C) the excess demand in the exporting country is equal to the excess demand in the importing country.
D) there is no excess demand in the exporting country.
Correct Answer:
Verified
Correct Answer:
Verified
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