The country of Wakanda is a major supplier of Vibranium, the strongest material in the world, and has recently begun to trade with the world under the rule of Prince TChalla. The current world price of Vibranium is extremely high and much higher than the domestic price in Wakanda.

a) Using the information above, show the market for Vibranium in Wakanda showing:

Demand and Supply

Domestic Price and Quantity Prior to Trade

The World Price relative to Wakandas Domestic Price

Domestic Demand Quantity and Domestic Supply Quantity

Import or Export Quantity