EEB21003International Economics and Trade Assignment 1 - Question 1 Use the basic theory of demand and supply to analyze the international trade with respect to the figure below. Warning: Your answer must be elaborate and extensive. A. Foreign-cty Mkt B. International Mkt C. Home-cty Mkt Price/unit Price /unit Price /unit H SH SX SF PAH E 200 B PW 120 PAF 100 Dm DH 290 300 400 Quantity 110 Quantity 265 320 375 Quantity Sx = foreign supply of SH = H-cty supply SF = F-cty supply exports DH = H-cty demand DF =F-cty demand Dm = H-cty demand for PAH= H-cty autarky Pw=International/world imports price/pretrade price price with trade PAF = F-cty autarky price