Domestic supply is described by????=1+???????? , where????????is the domestic quantity supplied. Domestic demand is described by????=10???????? ,
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Question:
Domestic supply is described by????=1+???????? , where????????is the domestic quantity supplied. Domestic demand is described by????=10???????? , where????????is domestic quantity demanded. The world price is9 .
How many exports will there be with free trade?
How do I go about calculating this?
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