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Australian import large quantities of palm oil which is use for cook fried. One of the reasons the price of fried has increased is an
Australian import large quantities of palm oil which is use for cook fried. One of the reasons the price of fried has increased is an increase in the price of cooking oil, due to Indonesia ban on exports of palm oil. A) Draw a diagram that show how Australian market for cooking oil is affected by imports of cooking oil. Who is better off, and who is worse off as a result of this trade? B) Draw diagram that show how Indonesia banning of palm oil exports affect the market in the diagram for (a)
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