The diagram below shows a situation where the country would export the good. Price of Pencil Sharpeners $24 Domestic Supply World Price 16 12 Domestic Demand Quantity of Pencil Sharpeners 200 300 450 a.) How much will it export if free trade is allowed? b.) If the country goes from autarky to free trade the producer surplus will increase by $. pencil sharpeners
The diagram below shows a situation where the country would export the good. Price of Pencil Sharpeners $24 Domestic Supply World Price 16 12 Domestic Demand Quantity of Pencil Sharpeners 200 300 450 a.) How much will it export if free trade is allowed? b.) If the country goes from autarky to free trade the producer surplus will increase by $. pencil sharpeners
Chapter28: International Trade
Section: Chapter Questions
Problem 11P
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