Refer to the following graph for questions 16-18.

For aparticular product, Country A's supply and demand are represented by the followingfunctions: Qs=2+P;Qd=52-P

Suppose Country A is a small country (which cannot influence the world price). In free trade, Country C can export the product for $10 (PC= $10) and Country B for $15 (PB= $15).

$10) and Country B for $15 PB nd your answer to two decimal places unless it is an integer. Please d de words like "units" or "$" in your answer.) Trade creation and trade diversion: welfare analysis P Country A S (1+t)Pc $20 a C id PB $15 e $10 Pc D O Q1 Q 3 25 S Q4 Q 2 Q 29 Situation 1 - free trade: If there is free trade, where does Country A import (fro