3. In recent years China has been importing steel from India. Explain how the import
of steel by China will affect.
(a) steel companies in China.
(b) steel companies in India.
(c) industries buying steel for production of other industrial goods in China.
Answers
Answered by
2
Answer:
a. steel companies in china will need to lower their prices to what indian steel sells for
b. steel companies in india will get more business and make more money
c. steel prices will get cheaper
Similar questions