Figure 9-1 The figure illustrates the market for coffee in Guatemala 1PN 150- 140 130- 120- 110- 100 90 10- 70 60 30 40 30- 20 10- A C 2 4 6 8 10 12 14 16 18 20 22 24 26 28 9. Refer to Figure 9-1. With trade, Guatemala will a. export 22 units of coffee. b. export 10 units of coffee. c. import 30 units of coffee. d. import 12 units of coffee. Domestic supply World price Domestic demand

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 14SCQ: Assume a perfectly competitive market and the exporting country is small. Using a demand and supply...
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Figure 9-1
The figure illustrates the market for coffee in Guatemala
130
88888888
140
130
120-
110
100
90
70+
S
50
RRS
40
30
89
20
10-
Price
&
12
2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32
9. Refer to Figure 9-1. With trade, Guatemala will
a. export 22 units of coffee
b. export 10 units of coffee.
c. import 30 units of coffee.
d. import 12 units of coffee.
Domestic supply
World
price
Domestic demand
+
42 44 46 48 50 52 Quantity
Transcribed Image Text:Figure 9-1 The figure illustrates the market for coffee in Guatemala 130 88888888 140 130 120- 110 100 90 70+ S 50 RRS 40 30 89 20 10- Price & 12 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 9. Refer to Figure 9-1. With trade, Guatemala will a. export 22 units of coffee b. export 10 units of coffee. c. import 30 units of coffee. d. import 12 units of coffee. Domestic supply World price Domestic demand + 42 44 46 48 50 52 Quantity
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