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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

In Exercise 33.31 , is there an “ask” where Venezuelans may say “no thank you” to trading with Canada?

To determine

The situation of an “ask” where Venezuelans may say “no thank you” to trade with Canada is to be determined.

Explanation

The given information is below:

    CountryOilLumber
    Canada  20 barrels  40 tons
    Venezuela  60 barrels

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