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Answer those question. Figure 9-1 Price of Baskets $14 Domestic Supply 10 World Price 7 Domestic Demand 40 70 105 Quantity of Baskets Refer to
Answer those question.
Figure 9-1 Price of Baskets $14 Domestic Supply 10 World Price 7 Domestic Demand 40 70 105 Quantity of Baskets Refer to Figure 9-1. With free trade, this country will O import 70 baskets. O import 40 baskets. O produce 105 baskets. O produce 65 baskets. O export 35 baskets.Question 3 Figure 9-3. The domestic country is Jamaica. Price of Calculators $27 Domestic Supply 12 7 World Price 2 Domestic Demand 150 300 400 Quantity of Calculators Refer to Figure 9-3. Producer surplus in Jamaica without trade is O $2,250. O $1,500 O $2,000. O $8,700. O $375.Question 4 1 pts Figure 9-1 Price of Baskets $14 Domestic Supply 10 World Price 7 Domestic Demand 40 70 105 Quantity of Baskets Refer to Figure 9-1. With trade, producer surplus is O $210. O $245. O $472.5 O $490. O $455.Question 5 1 pts Scenario 9-1 The before-trade domestic price of tomatoes in the United States is $500 per ton. The world price of tomatoes is $400 per ton. The U.S. is a price-taker in the tomatoes market. Refer to Scenario 9-1. If trade in tomatoes is not allowed, the price of tomatoes in the United States {3- will be equal to the world price. C3- could be greater than. equal to, or less than the world price; this cannot be determined. {3- will be greater than the world price. will be less than the world priceStep by Step Solution
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