Questions

1. Suppose that the supply schedule ofEthiopian coffee beans is as follows:

Table 1

Price ofEthiopian coffee beans (per pound)	Quantity ofEthiopian coffee beans supplied (pounds)
$4.00	6,000
$3.50	5,000
$3.00	4,000
$2.50	3,000
$2.00	2,000

Suppose thatEthiopian coffee beansare only being sold in Brazil. The domestic Brazilian demand schedule forEthiopian coffee beans is as follows:

Table 2

Price ofEthiopian coffee beans (per pound)	Quantity ofEthiopian coffee beans demanded byBrazilians (pounds)
$4.00	1,000
$3.50	2,500
$3.00	4,000
$2.50	5,000
$2.00	7,000

-Atlantis Tribe's Production Possibility Frontier 8,000 7,000 0.7,000 6,000 300, 6,000 5,000 500, 5,090 Kilograms 4,000 625, 4,000 of fish 3,000 710, 3,000 2,000 775, 2,000 1,000 825, 1,000 0 850, 0 100 200 300 400 500 600 700 800 900 Bushels of wild oatsGraph 2.c. - Ethiopian Supply (S), Brazilian Demand Canadian Demand and Total Combined Demand $5.00 . $4.50 $4.00 S $3.50 - $3.00 - Price $2.50 - $2.00 - $1.50 $1.00 $0.50 - $0.00 - 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,500 Quantity