A nation's import demand curve for a specific product

A) is upsloping.
B) shows the amount of the product it will import at prices below its domestic price.
C) lies above its export supply curve for the product.
D) depends on domestic demand for the product, but not on domestic supply.

Import Demand Curve

A graphical representation showing the relationship between the price of an imported good and the quantity of the good that a country is willing to buy at those prices.

Domestic Price

The price of goods and services within a specific country, determined by local supply and demand conditions.

Export Supply Curve

A graphical representation showing how the quantity of goods a country exports changes in response to changes in the price of those goods.