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Draw and label a graph depicting world trade in which the world price is perfectly elastic and higher than the country price. Start with a
- Draw and label a graph depicting world trade in which the world price is perfectly elastic and higher than the country price.
- Start with a graph depicting market equilibrium with the demand curve and supply curves having slopes of approximately 1 (negative 1 for demand).
- Modify the graph to demonstrate the world market price being lower than the country market price.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
