Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta. Qs is domestic quantity supplied and Qd is domestic quantity demanded. 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
60 $5 20
40 4 30
30 3 40
20 2 50
10 1 60
Refer to the given data. Assuming that Alpha and Beta are the only two nations in the world, at the equilibrium world price:
a both nations will export steel.
b both nations will import steel.
c Alpha will export steel and Beta will import steel.
d Beta will export steel and Alpha will import steel.