Figure 9-1 The figure illustrates the market for coffee in Guatemala. Refer to Figure 9-1. In the absence of trade, the equilibrium price of coffee in Guatemala is OA. $140. OB. $30. OC. $90. OD. $110.

Figure 9-1 The figure illustrates the market for coffee in Guatemala. Refer to Figure 9-1. In the absence of trade, the equilibrium price of coffee in Guatemala is OA. $140. OB. $30. OC. $90. OD. $110.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: International Trade

Section: Chapter Questions

Problem 2.5P

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Question

46. Chapter mank071, Section .61, Problem 024
8. $30.
OC. $90.
OD. $110.
Ask me anything
5 8 8 8 8 8 8 8 8 8 8 8888
8
150-
140-
130+
120-
110-
100+
30
Price
10+
B
Figure 9-1 The figure illustrates the market for coffee in Guatemala.
Refer to Figure 9-1. In the absence of trade, the equilibrium price of coffee in Guatemala is
OA. $140.
C
C
(2
2 4 6 8 10 12 14 16 18 20
B
8
D
F
24
8.
$8.
8
S
I
H
8
·88
8.
5.
Domestic supply
World
price
Domestic demand
3
46 48 50 52 Quantity

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