Question

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

Answer 1

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.

Answer 2

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