3. The table that follows shows the production and consumption of wheat and sugar in Canada and Cuba under conditions of no trade. When free trade occurs, the entire gains from such trade shift completely to Canada when the price of sacks per bushel is

a. 3 sacks per bushel.

b. 4 sacks per bushel.

c. 5 sacks per bushel.

d. 6 sacks per bushel.

e. 7 sacks per bushel.

Transcribed Image Text:

WHEAT (BUSHELS) SUGAR (SACKS) CANADA 200 600 CUBA 200 1,200