Question
Now suppose SUPPLY decreases in HOME. Explain how social surplus in each country changes given we are in free trade already. Give the specific details
Now suppose SUPPLY decreases in HOME.Explain howsocial surplusin each country changes given we are in free trade already.Give the specific details (production, consumption, CS, PS, SS) and the intuition.
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
