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1. Suppose Home is a small country. Use the graphs in Figure 1 to answer the following questions. (Hint: The area of a triangle is

1. Suppose Home is a small country. Use the graphs in Figure 1 to answer the following questions. (Hint: The area of a triangle is given by x base x height and the area of a rectangle is given by base x height.

Price Price 14 S D M 2 4 5 6 8 Quantity 2 6 Import (a) Home market (b) Import market Figure 1

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