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1. Consider Canada to be a small open economy in the market for Mangos. a) If the world price of Mangos is above the Canadian
1. Consider Canada to be a small open economy in the market for Mangos. a) If the world price of Mangos is above the Canadian market's autarky price, will Canada import or export Mangos? b) Assuming the same domestic equilibrium, as the Canadian demand curve becomes more elastic, what happens to the export supply or import demand curve for Canada, depending on how you answered part a)
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