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meriva
3 years ago
5

Domestic Market for Steel, Alpha

Business
1 answer:
Andru [333]3 years ago
4 0

Answer:

C) Both nations want to export steel.

Explanation:

Equilibrium price is the economic market situation where the quantity demanded of a commodity and the quantity supplied are equal. Both nations, alpha and beta would want to supply or export more steel because at the price of $1 both nations supplied less than the quantity which was demanded. More imports will be probably needed here which iwill push up their supply.

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Mike and Mary Jane Lee have a yearly income of $79,352 and own a house worth $102,100, two cars worth a total of $ 19,907 and fu
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Total assets            $

Building                102,100

Motor vehicle       19,907

Furniture               <u>10.442</u>

Total assets          <u>132,449</u>

<u></u>

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Explanation:

In this case, there is need to calculate the total assets, which is the aggregate of building, motor vehicle and furniture.

We also need to calculate the total liabilities, which is the aggregate of mortgage loan, car loan outstanding and utility bills unpaid.

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