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What will happen if a country allows trade and the domestic price of a good is higher than the world price?

What will happen if a country allows trade and the domestic price of a good is higher than the world price?<br/>

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Asked by Wyatt Williams, Last updated: Nov 26, 2024

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2 Answers

John Adney

John Adney

John Adney
John Adney

Answered May 18, 2017

Because I believe we need to see the demand in its country to decide whether such a country needs to import the goods.

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John Smith

John Smith

John Smith
John Smith

Answered Nov 16, 2016

The country will become an importer of the coogd
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