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Derive an algebraic expression for the price elasticity of demand for imports of a product. The expression should be a function of the price elasticity
Derive an algebraic expression for the price elasticity of demand for imports of a product. The expression should be a function of the price elasticity of domestic demand and the price elasticity of domestic supply.
Derive an algebraic expression for the price elasticity of supply of exports of a product. The expression should be a function of the price elasticity of domestic demand and the price elasticity of domestic supply.
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