The import demand curve shows the amount of the home country's:
a. surplus at various prices below the "no-trade" equilibrium.
b. shortage at various prices below the "no-trade" equilibrium.
c. equilibrium "no-trade" quantity demanded.
d. surplus at various prices above the "no-trade" equilibrium.
e. shortage at various prices above the "no-trade" equilibrium.
b
Economics
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A) people or businesses who owe funds. B) people or businesses who lend funds. C) people who live on a fixed income. D) people with CDs (certificates of deposits) in the bank.
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If, as a result of a change in demand in a perfectly competitive increasing-cost industry, price and quantity rise, demand must have risen
a. True b. False
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