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A The accompanying graph depicts the market for sugar in Costa Rica. Suppose the country opens up to trade in the world sugar market and

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A The accompanying graph depicts the market for sugar in Costa Rica. Suppose the country opens up to trade in the world sugar market and becomes a sugar exporter. Your answer to part a is incorrect. a. In the accompanying graph, adjust the price line to depict how trade impacts the market for sugar in Costa Rica. Then shade the area of consumer surplus, with trade, using the CS area. Shade the area of producer surplus, with trade, using the PS area. If the country becomes an exporter after To shade an area of the graph, doubleclick the item you wish to identify in the graph. That will bring the item into the graph. trade opens up. then the new price WIH be greater than the old equilibrium price. Market for Sugar in Costa Rica Price per Pound ($) 20 40 60 80 100 120 140 160 180 200 Quantity of Sugar (lbs) Incorrect Senegal trades corn with Morocco, where it is a staple. The government of Senegal places a price oor on their market for corn (assume that it is binding). They buy the surplus of 4 units from the producers and sell it in Morocco. Refer to the graph to determine what happens when the government then sells the excess on the world market (to Morocco). What should the government of Senegal charge in order to sell four units of corn in Morocco? Round your answer to the nearest whole number. Market for corn in Morocco $ Price $10 Supply haw-humans: Demand Classify the scenarios according to whether consumers and producers are better off or worse off. Better off Worse off Answer Bank Consumers of com in Morooco ' ' Producers of corn in Morocco ' ' Consumers of com in Senegal ' ' Producers of oorn in Senegal

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