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Question 1 (25 Points) Suppose that a small tropical country produces mangoes for domestic consumption and possibly for export. The total demand and supply curves
Question 1 (25 Points) Suppose that a small tropical country produces mangoes for domestic consumption and possibly for export. The total demand and supply curves for mangoes in this country are given by the following: P:50Q (Demand) P:25+Q (Supply) Where P is their price and Q the quantity (in tons) (a) Draw a demand and supply diagram (Make sure that you show the yaxis intersects for the demand and supply curves)
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