6. Problems and Applications Q6 China is a majoe producer of grains such as wheat, corn, and rice. Assume that it is also an exporting country in the markec for grain, Suppose the following graph depicts the market for grain in China. Note: Select and drag the curve to the detired position. The curve wili insp into potition, so if you try to miove a curve and it snaps back fo it orialnal position fust drag it a little tarthec Note: Select and drap the curve to the desired position. The curve will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. Some years ago, the Chinese government, concerned that grain exports were driving up food prices for domestic consumers, imposed a tax an grain exports, Suppose the Chinese government imposed a tax of $1 per bushel on grain exports. The following oraph depicts the market for grain in china. Use this oraph to answer the following questions. (Note: You will not be graded on anvi chatges made on this graphi.) When China opens up to trade, the domestic price of grain will price of grain to to An export tax of $1 per bushel will then the domestic in poth rcenacion: 6. Problems and Applications Q6 China is a major producer of grains such as wheat, corn, and rice. Assume that it is also an exporting country in the market for orain, Suppose the following araph depicts the market for orain in China. On the graph below, show the impact opening up to intemational trade has on the damestic price for grain by shifting the pnce line up or oown to reflect the world price of grain. Note: Select and drag the curve to the desired position. The curve will snap into oopition, sn if ymu iny to Note: Select and drag the curve to the desired position. The curve will snap into position, so if you try to move a curve and it snaps back to its riginal position, just drag it a little farther. Some years ago, the Chinese government, concerned that grain exports were driving up food prices for domestic consumers, imposed a tax on orain exports. Suppose the Chinese government imposed a tax of $1 per bushel on grain exports. The following graph depicts the market for grain in China. Use this graph to answer the following questions, (Note: You will not be graded on any changes made on this graph.) graph to answer the following questions, (Note: You will not be graded on any changes made on this graph.) When China opens up to trade, the domestic price of grain will to An export tax of $1 per bushief will then the domestic price of grain to Compare each of the markot conditions before and after the export tax of $1 per bushel in the following table. (Note: Assume China is open to trade In both scenarios.) 6. Problems and Applications Q6 China is a majoe producer of grains such as wheat, corn, and rice. Assume that it is also an exporting country in the markec for grain, Suppose the following graph depicts the market for grain in China. Note: Select and drag the curve to the detired position. The curve wili insp into potition, so if you try to miove a curve and it snaps back fo it orialnal position fust drag it a little tarthec Note: Select and drap the curve to the desired position. The curve will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. Some years ago, the Chinese government, concerned that grain exports were driving up food prices for domestic consumers, imposed a tax an grain exports, Suppose the Chinese government imposed a tax of $1 per bushel on grain exports. The following oraph depicts the market for grain in china. Use this oraph to answer the following questions. (Note: You will not be graded on anvi chatges made on this graphi.) When China opens up to trade, the domestic price of grain will price of grain to to An export tax of $1 per bushel will then the domestic in poth rcenacion: 6. Problems and Applications Q6 China is a major producer of grains such as wheat, corn, and rice. Assume that it is also an exporting country in the market for orain, Suppose the following araph depicts the market for orain in China. On the graph below, show the impact opening up to intemational trade has on the damestic price for grain by shifting the pnce line up or oown to reflect the world price of grain. Note: Select and drag the curve to the desired position. The curve will snap into oopition, sn if ymu iny to Note: Select and drag the curve to the desired position. The curve will snap into position, so if you try to move a curve and it snaps back to its riginal position, just drag it a little farther. Some years ago, the Chinese government, concerned that grain exports were driving up food prices for domestic consumers, imposed a tax on orain exports. Suppose the Chinese government imposed a tax of $1 per bushel on grain exports. The following graph depicts the market for grain in China. Use this graph to answer the following questions, (Note: You will not be graded on any changes made on this graph.) graph to answer the following questions, (Note: You will not be graded on any changes made on this graph.) When China opens up to trade, the domestic price of grain will to An export tax of $1 per bushief will then the domestic price of grain to Compare each of the markot conditions before and after the export tax of $1 per bushel in the following table. (Note: Assume China is open to trade In both scenarios.)
