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2.The 2021 demand and supply equations for Canadian ginseng are as follows: P = $100 - Q d Can+Potts (1) P = $10 + Q
2.The 2021 demand and supply equations for Canadian ginseng are as follows:
P = $100 - QdCan+Potts(1)
P = $10 + QsCan(2)
As a result of a trade dispute with Pottsville, Pottsville will no longer buy Canadian ginseng in 2022. Their demand is given as follows:
P = 60-3QdPotts(10)
What are the economic effects of this trade dispute?
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