2. Which of the following statements is (are) correct? (x) Sporadic (distress) dumping would occur if domestic orange producers dispose of an excess quantity of oranges, resulting from an abnormally large harvest, by selling them at lower prices abroad than at home. (y) A common reason for international dumping is that firms are international price discriminators, responding to different demand conditions in different markets. (z) A firm would increase profits from dumping if it charged a lower price at home, where demand is inelastic, and a higher price abroad, where demand is elastic. A. (x),(y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (y) only 5. Which of the following statements is (are) correct? (x) A firm suffering idle plant capacity would minimize losses by selling its product abroad at a lower price than at home, provided that the foreign price more than covers average variable cost. (y) If the Japanese demand for computers is elastic and the Canadian demand for computers is inelastic, a profit-maximizing firm would charge a higher price to Canadian buyers than to Japanese buyers. (z) A producer successfully practicing international dumping would charge a relatively higher price in the more inelastic market. A. (x),(y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (x) only