‘Dumping’ is said to be a trade distortionary practice. Which of the following terms best explains/ explain the term ‘dumping’?
It is said to occur when the price of a product is lower in the domestic market than that in the export market.
It is said to occur when the price of a product in the domestic market is higher than that in the export market.
It is said to occur when the price of a product is the same in domestic and export markets.
Both (B) and (C)
• Under the most common principle to calculate anti-dumping duties, dumping is said to occur when a foreign producer’s home market prices are higher than its prices for the same or similar goods when sold to the export market.
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