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Consider a simple economy that only produces apples and oranges. The economy also imports pears from Japan. Price in 2019 Quantity in 2019 Price in

Consider a simple economy that only produces apples and oranges. The economy also imports pears from Japan.

Price in 2019 Quantity in 2019 Price in 2020 Quantity in 2020 Apple: $1 120 130 Oranges $1.50 200 220 Japanese pears $2 220 200

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