At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

if an autarky decides to trade and begins to import, a lower world price would push the domestic quantity demanded (up/down) and the domestic quantity supplied (up/down).

Sagot :

If an autarky decides to trade and begins to import, a lower world price would push the domestic quantity demanded down and the domestic quantity supplied down.

When an autarky decides to trade and begins to import, a lower world price will lead to an increase in the number of imports demanded, as domestic consumers will be able to obtain more imported goods at a lower cost.

At the same time, a lower world price will lead to a decrease in the quantity of domestically produced goods supplied, as domestic producers will no longer be able to compete with the lower-priced imported goods.

For more questions like Trade click the link below:

https://brainly.com/question/28780220

#SPJ4