This is a previous exam paper that i need help solving please go ahead, we are not breaking any code here, thank you
Use the following graph to answer the following questions (a) to (h).
Table Tools X ECON t3 BAS11 A T3 2020 FEX - Word File Home Insert Design Layout References Mailings Review View Design Layout Tell me what you want to do. Sign in & Share 6 Cut Find * A A Aa A AaBbCcDc AaBbCcDc AaBbCcDc AaBbCc AaBbCct Aa B AaBbCCC AaBbCCD BB Copy "ac Replace Paste B I U - abE X, x] A - Z - A . = = = = 1. . . 1 Normal 1 No Spac... 1 Table Pa... Heading 1 Heading 2 Title Subtitle Subtle Em... 41 Format Painter Select Clipboard Font Paragraph Styles Editing Question 2 (5 marks) Use the following graph to answer the following questions (a) to (h). Type your answer in the space provided below Price Domestic supply EB A B D E World price Domestic demand 0 10 20 30 40 50 60 70 80 Quantity Page 3 of 11 22 of 1767 words [x + 100% 11:09 PM Type here to search O W 1/14/2021X ECON t3 BAS11 A T3 2020 FEX - Word Table Tools File Home Insert Design Layout References Mailings Review View Design Layout Tell me what you want to do.. Sign in & Share 6 Cut Find * A A Aa- A AaBbCcDc AaBbCcDc AaBbCcDc AaBbCc AaBbCct] Aa B AaBbCCC AaBbCCDt BB Copy "ac Replace Paste 1 Normal Format Painter B I U - abE X2 x] A - ay . A . = = = = 1. 3. . 1 No Spac... 1 Table Pa... Heading 1 Heading 2 Title Subtitle Subtle Em... 41 Select Editing Clipboard Font Paragraph Styles Required: a) If trade is not allowed, what is the equilibrio price and quantity in this market? ( 12 mark) [Answer here] BAS11 Final Examination T3 2020 Approved WRS Page 3 a) If trade is allowed, will this country import or export this commodity? ( 1/2 mark) [Answer here] b) If trade is allowed, what is the price at which the good is sold, the domestic quantity supplied and demanded, and the quantity imported or exported. ( 1/2 mark) [Answer here] c) What area corresponds to consumer surplus if no trade is allowed? ( 1/2 mark) [Answer here] Page 3 of 11 22 of 1767 words [x + 11:09 PM Type here to search O m W 1/14/2021Table Tools X ECON t3 BAS11 A T3 2020 FEX - Word File Home Insert Design Layout References Mailings Review View Design Layout Tell me what you want to do.. Sign in & Share 6 Cut Find * A A Aa A AaBbCcDC AaBbCcDc AaBbCcDo AaBbCc AaBbCct Aa B AaBbCCC AaBbCCDt BB Copy "ac Replace Paste B I U - abe X2 X' A - az - A - 1 Normal 1 No Spac... 1 Table Pa... Heading 1 Heading 2 Title Subtitle Subtle Em... 41 Format Painter Select Editing Clipboard Font Paragraph Styles c) What area corresponds to consumer surplus if no trade is allowed? ( 1/2 mark) [Answer here] d) What area corresponds to consumer surplus if trade is allowed? ( 1/2 mark) [Answer here] e) What area corresponds to producer surplus if trade is allowed? ( 12 mark) [Answer here] f) What area corresponds to producer surplus if no trade is allowed? ( 12 mark) [Answer here] g) If free trade is allowed, who gains and who loses, the consumers or the producers, and what area corresponds to the gain or loss? ( 12 mark) [Answer here] h) Economists often argue for and against the benefits of opening a country's market to global competition. Briefly state any two arguments against international trade. (1 mark) [Answer here] Page 4 of 11 22 of 1767 words [x + 100% 11:09 PM Type here to search O WE 1/14/2021
