Question
Australia produces kiwi fruit and exports to other countries as well. a. Draw a graph showing the domestic supply and demand for kiwi fruit in
Australia produces kiwi fruit and exports to other countries as well. a. Draw a graph showing the domestic supply and demand for kiwi fruit in Australia before it starts exporting it. Illustrate and explain on the graph.
b. Show on your graph the effect of Australia's exports for kiwi fruit. Assume that Australia can export as much as it wants at the world price of kiwi fruit. Indicate on your diagram the quantity of kiwi fruit sold by Australian producers locally and exported, and the price of kiwi fruit in Australia before and after the exports.
c. Discuss the advantages and disadvantages of exporting kiwi fruit from Australia
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