1.Let's say that currently, the world price of coffee beans of $200.Using this information:

• Calculate the equilibrium price, equilibrium quantity, consumer surplus, and producer surplus in Poplar.
• Determine how many units of coffee beans are imported into/exported out of Poplar.
• Compared to an economically independent country, decide who wins and who loses and justify your rationale.

2. Repeat the steps above, assuming the current world price is $600 instead.