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If a nation exports a product, then the price of that product in the nation:

A. Will rise above the domestic (no-trade) equilibrium price
B. Will fall below the domestic (no-trade) equilibrium price
C. Will remain the same as the domestic (no-trade) equilibrium price
D. May either rise or fall, depending on the product

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Sonal Bahl
Sonal BahlLv10
6 Oct 2020

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The foreign purchases effect on aggregate demand suggests that a

A. fall in our domestic price level will increase our imports and reduce our exports, thereby reducing the net exports component of aggregate demand.

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If the supply and demand for a product both decrease, then equilibrium:

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D. quantity and equilibrium price must both decline.

If the supply and demand curves for a product both decrease, then equilibrium: 

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d. quantity and equilibrium price must both decline.

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