6. (LO 2) The graph in Figure 10.14 shows the domestic supply of and demand for mangos...
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6. (LO 2) The graph in Figure 10.14 shows the domestic supply of and demand for mangos in India.
The world price is $16 a case, and India is open to free trade.
a) Will India export or import mangos?
b) What quantity will domestic producers supply?
c) What quantity will India export or import?
d) If the world price is $28, will India export or import mangos? How much?
(Exports/import): Quantity:
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