what does forward shifting of an offer curve mean?pls solve this question only economics department
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Answer:
The offer curve OA records the quantities of good X that country A supplies to the world market for export and the quantities of good Y that it demands from the world market as imports, for all prices. The prices are only implicit in the diagram, represented as rays from the origin the slopes of which are the prices of good X relative to good Y. This is possible since balanced trade (which is assumed throughout), requires that pY Y = pX X, and therefore that Y/X = pX / pY . Thus the offer curve can be read as giving the quantity of good X that country A is willing to export in exchange for various quantities of imported good Y, or equivalently as the amounts of both X and Y that it is willing to trade at various prices along rays from O.
PLZ MARK AS BRIANLIEST,FLW ME AND THX FOR THE SUPERB QUESTION