Economy, asked by omhari7083, 7 months ago

how will the import of steel from India into the Chinese market lead to integration of markets for steel in the two countries?,explain​

Answers

Answered by mahathikp2009
108

Answer:

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Explanation:

Answer. (a) Due to imports from India, choice in the Chinese market will increase. (b) Producers of steel in both countries will compete with each other to get increased market share. (c) Prices of similar varieties of steel in the Indian and Chinese markets will fluctuate and tend to become equal after some time.

Answered by purbita01
63

Answer:

Explanation:

integration of markets for steel in the two countries will places as follow

  • Due to import from India,choice in the Chinese market will increase
  • produced of steel in both countries will compete with each other to get increased market shares
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