4 The table below shows the annual demand and supply of cell phones in Canada (in tens of thousands), where Do is the domestic demand, Dw is the rest of the world demand, Sc is the Canadian supply, and Sw is the quantity supplied by manufacturers in the rest of the world. a) Complete the total demand (DT) and total supply (ST) columns. Price ($) DC DW DT SC SW ST 12 900 1, 580 2480 720 1, 540 2260 24 880 1, 546 2420 730 1, 580 2310 36 860 1, 500 2360 740 1, 620 2360 48 840 1,460 2300 750 1, 660 2410 60 820 1, 420 2240 760 1, 700 2460 72 800 1,380 2180 770 1, 740 2510 84 780 1,340 2120 780 1, 780 2560 96 760 1, 300 2060 790 1, 820 2610 108 740 1, 260 2000 800 1, 860 2660 b) What is the equilibrium world price and equilibrium quantity? Price: $ 36 Quantity: 2360 c) If Canada was closed to international trade, what would be the equilibrium price and quantity in Canada? Price: $ 84 Quantity: d) If Canada were open to international trade, how much would Canada import from the rest of the world? Quantity imported: e) If the Canadian government were to impose a quota and limit the amount of imported cell phones to 90 (tens of thousands), what would be the new price and quantity in Canada? Price: $ Quantity:Karen operates a small foreign currency exchange business. She begins each day with three boxes of cash. Each box contains 14,500 units of Canadian currency and 14,500 units of another currency. The table below shows Karen's holdings of each currency at the end of a day's business. Skipped s | and | $2@,200 Canadian 7,808 | and | 14,500 Canadian British pounds 11,560 | and | 18,600 Canadian What is the value of the Canadian dollar in terms of the three currencies? Round your answers to 2 decimal places. | Box 1 [Furos | 9,300 Dollar in terms of the euro: Dollar in terms of the yen: Dollar in terms of the British pound: 5 The table below shows the production possibilities for Canada and Japan. Suppose that, prior to specialization and trade, both Canada and Japan are producing combination D. CANADA'S PRODUCTION POSSIBILITIES Product A B C D E DVD players 80 60 40 20 Bushels of wheat 60 120 180 240 JAPAN'S PRODUCTION POSSIBILITIES Product A B C D E DVD players 120 90 60 30 0 Bushels of wheat 0 25 50 75 100 a) Draw the production possibilities curve for Canada in the graph A, and indicate its present output position. Draw the production possibilities curve for Japan in graph B, and indicate its present output position. Plot only the endpoints of each curve in the graphing areas using the appropriate tool. Plot the output combination in each graph using the Point tool. Your Graph Score: 100% A Canada 280 240 PP Curve combination 200 vers 1605 areas using the appropriate tool. Plot the output combination in each graph using the Point tool. Your Graph Score: 100% A Canada 280 240 ' ' PP Curve combination 200 g 160 /e | e = Trading Possil New combina o 2 120 o 80 40 ) 40 80 120 160 200 240 280 Quantity of wheat per period 5 Your Graph Score: 100% B Japan 140 120 PP Curve combination 100 80 Trading Possil New combina DVD players 60 40 20 0 20 40 60 80 100 120 140 Quantity of wheat per period60 DVL 40 20 20 40 60 8BO 700 120 140 Quantity of wheat per period b) Suppose that the two countries specialize and trade on the basis of 1 DVD player = 1 unit of wheat. Draw the corresponding trading possibilities curves in graph A and graph B above. Plot only the endpoints of each curve in the graphing areas using the appropriate tool. c) After trade, if Canada still wishes to have 180 bushels of wheat, how many more DVDs could it have? 20| @ d) Show the new combination in graph A above. Use the Point tool in graph A above to plot the new combination. e) If Japan still wishes to have 30 DVDs, how much more bushels of wheat could it have? 50| f) Show the new combination in graph B above. Use the Point tocl in graph B above to plot the new combination