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Using the information in the table below, suppose there in no trade between Honduras and Mexico. What is the domestic price of this product in
Using the information in the table below, suppose there in no trade between Honduras and Mexico. What is the domestic price of this product in Mexico? Assume that the Price column in the table presents price in Mexican Pesos. Honduras Mexico Price Supply Demand Supply Demand 1 10 45 40 100 2 20 35 50 95 3 30 30 60 90 4 40 25 70 85 5 50 20 80 80
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