International Trade

1.Graph the USA marketfor soybeans where the world price (P_W )is higher than the USA no-trade price (P_A).The "A" in P_A stands for "autarky", which refers to no international trade.Label the amount of imports or exports, if any.Label Q_D and Q_S, to indicate quantity demanded by USA customers and quantity supplied by USA producers.See the international trade video a related example.

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