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Instructions: Round your answer to two decimal places a. The world price is initially: $ 5.50 . bl Suppose a large country like the Uni
Instructions: Round your answer to two decimal places a. The world price is initially: $ 5.50 . bl Suppose a large country like the Uni ed States has been an autarky but is now going to allow free trade Instructions: Use the tools provided '52' and 'D2' to show how the world supply (82) and world demand (D2) are affected by the entrance of the United States into the world market. Price $11.00 Tools $10.00 $9.00 S S2 D2 $8.00 $7.00 $6.00 $5.50 $5.00 $4.00 $3.00 $2.00 D $1.00 450 0 OL 300 400 00 800 106 00 00 Quantity of wheat (millions)
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