Figure 9-1 The figure illustrates the market for coffee in Guatemala. Price 150 140 130 120 110 100+ 90 80+ 70+ 60+ 50+ 40 30 20 10- B с D export 22 units of coffee. F IT. export 10 units of coffee. import 30 units of coffee. import 12 units of coffee. Refer to Figure 9-1. With trade, Guatemala will Q H Domestic supply 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 Quantity World price Domestic demand

Figure 9-1 The figure illustrates the market for coffee in Guatemala. Price 150 140 130 120 110 100+ 90 80+ 70+ 60+ 50+ 40 30 20 10- B с D export 22 units of coffee. F IT. export 10 units of coffee. import 30 units of coffee. import 12 units of coffee. Refer to Figure 9-1. With trade, Guatemala will Q H Domestic supply 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 Quantity 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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