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Consider a country that can produce X and Y according to their PPF: 20= 2 X + 4 Y. Indifference curves are nice and the
Consider a country that can produce X and Y according to their PPF: 20= 2 X + 4 Y. Indifference curves are nice and the consumption bundle in autarky is indicated in the diagram.Draw a plausible excess demand curve for good Y.
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