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Domestic Market for Steel, Alpha Qs P Qd 60 $ 5 10 40 4 20 30 3 30 20 2 40 10 1 50 Domestic
Domestic Market for Steel, Alpha Qs P Qd 60 $ 5 10 40 4 20 30 3 30 20 2 40 10 1 50 Domestic Market for Steel, Beta Qs P Qd 80 $ 5 20 70 4 30 60 3 40 50 2 50 40 1 60 The accompanying tables show data for the hypothetical nations of Alpha and Beta. Qs is domestic quantity supplied, and Qd is domestic quantity demanded. The domestic equilibrium prices of steel in Alpha and Beta are Multiple Choice $5 and $4, respectively. $2 and $4, respectively. $3 and $2, respectively. $1 and $2, respectively
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