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If an Exporter's Supply Curve of a Commodity Is Upward

Question 60

Multiple Choice

If an exporter's supply curve of a commodity is upward sloping, and if a change in import demands in other countries leads them to increase their exports, other things equal, we would expect


A) ​the domestic price of the commodity will fall.
B) ​the domestic price of the commodity will exceed the price in foreign countries.
C) ​the domestic price of the commodity will be below the price in foreign countries.
D) ​the domestic price of the commodity will rise.

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