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Question
Customer service is exported from India to Canada.
Identify the place of demand and the place of supply.
Customer service is exported from India to Canada.
Identify the place of demand and the place of supply.
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Solution
The correct option is B India: Place of supply
Canada: Place of demand
In trade, goods move from the place of surplus to the place of deficit. Since Canada has a scarcity of customer service, it is the place of demand. India, on the other hand, has an excess of such services. So, it is the place of supply.
Canada: Place of demand
In trade, goods move from the place of surplus to the place of deficit. Since Canada has a scarcity of customer service, it is the place of demand. India, on the other hand, has an excess of such services. So, it is the place of supply.
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