The export supply curve for a particular country is the 1.sum of the quantity su

Question

The export supply curve for a particular country is the

1.sum of the quantity supplied and quantity demanded in the domestic market for a price above the domestic equilibrium price.

2.sum of the quantity supplied and quantity demanded in the domestic market for a price below the domestic equilibrium price.

3.difference between quantity supplied and quantity demanded in the domestic market for a price below the domestic equilibrium price

4.difference between quantity supplied and quantity demanded in the domestic market for a price above the domestic equilibrium price.

Explanation / Answer

Option 4.

Exports of a country is the excess of the quantity supplied over quantity demanded at prices above the domestic equilibrium price level.

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