Exercise 4: A small country with the domestic supply and demand function for good X as followed, (S): P = 1,5Q (D): P = 20 – 0,5Q Suppose that the world price for good Y: Pw = $16, this country can export good Y in unlimited amounts. a) Illustrate the situation with a graph. 0 The market for good Y

Exercise 4: A small country with the domestic supply and demand function for good X as followed, (S): P = 1,5Q (D): P = 20 – 0,5Q Suppose that the world price for good Y: Pw = $16, this country can export good Y in unlimited amounts. a) Illustrate the situation with a graph. 0 The market for good Y

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter33: International Trade

Section: Chapter Questions

Problem 6QP

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