Ible 1 shows the supply and demand schedule of leather belts for Indonesia, a small nation that is unable to affect the World price of leather belts. Table 1: Demand and Supply for Leather Belts: Indonesia Price ($) Quantity Demanded 10 20 30 40 50 60 70 80 90 540 480 420 360 300 240 180 120 60 'Quantity Supplied 60 120 180 240 300 360 420 480 540