In early 2004, following the toppling of President Aristide, the price of a 110-pound sack of rice

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In early 2004, following the toppling of President Aristide, the price of a 110-pound sack of rice in Haiti doubled from $22.50 to $45 because of disruptions at Haitian ports. (Eighty percent of Haiti's rice is imported.) Demonstrate graphically the effect of the import disruptions on the equilibrium price and quantity of rice purchased in Haiti.
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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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