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Estimate and depict using a partial equilibrium diagram the economic loss to the United States of the softwood lumber duties imposed on Canadian imports for
Estimate and depict using a partial equilibrium diagram the economic loss to the United States of the softwood lumber duties imposed on Canadian imports for the combined years 2001-2006. Assume price of $350/thousand board feef and total US consumption of 360 billion board feet, exactly one-third of which was imported from Canada. Why do you think this dispute lasted 50 years?
the background information has to do with the last question of why do you think this dispute has lasted 50 years. I just need the partial equilibrium diagram
5.Using this as background information, estimate and depict using a partial equilibrium diagram the economic loss to the U.S. of the softwood lumber duties imposed on Canadian imports for the combined years 2001-2006. Assume a price of $350 /thousand board feet and total US consumption of 360 billion board feet, exactly one-third of which was imported from Canada. Why do you think this dispute has lasted 50 years Step by Step Solution
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