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The graph below shows the domestic supply of and demand for mangos in India. S 36 D 32 28 24 20 Price ($) 16 12
The graph below shows the domestic supply of and demand for mangos in India. S 36 D 32 28 24 20 Price ($) 16 12 8 4 0 60 90 20 150 80 210 240 270 300 330 360 Quantity of mangos (cases)The world price is $12 a case, and India is open to free trade. Will India export or import mangos? a. India will (Click to select) v mangos since v (Click to select) the domestic demand exceeds the domestic production. b. What quantity will domestic producers sup the domestic production exceeds the domestic demand. cases of mangos. c. What quantity will India export or import? (Click to select) v cases of mangoes d. If the world price is $24, will India export or import mangos? How much? India will (Click to select) v the difference of cases
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