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Consider the following trade situation: The U.S. demand for imports of maple syrup from Canada is QD = 21-P The supply of maple syrup to
Consider the following trade situation:
The U.S. demand for imports of maple syrup from Canada is QD = 21-P
The supply of maple syrup to the United States from Canada is QS = 7 + P
The units are million boxes and U.S. dollars per box
One U.S. dollar buys 10 Canadian dollars
Draw a graph showing clearly the quantity of US imports of maple syrup from Canada and their price in US dollars.
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