Business, 01.12.2020 16:50 animaljamissofab

If the world price of cotton is less than the price that would occur domestically without trade, then a country will:. a) export cotton.
b) import cotton.
c) decrease its demand for cotton, and increase its demand for cotton substitutes.
d) increase its demand for cotton, and decrease its demand for cotton substitutes.

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If the world price of cotton is less than the price that would occur domestically without trade, the...

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