If the world price of a product falls relative to the, Ask an Expert

Economics

If the world price of a product falls relative to the domestic price in a trading nation, then for that product:

A. Exports and imports will increase

B. Exports and imports will decrease

C. Exports will increase and imports will decrease

D. Imports will increase and exports will decrease

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M961589

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