please solve this two quetions P.DomesticSupplyPw +sW.PDomesticDemand10183541QConsider the effects of an export subsidy in a small country using thegraph above.What are exports with the export subsidy?O a. 6 unitsO b. 17 unitsO c. 25 unitsO d. 31 units Consider the effects of an import tariff in a small coutnry using the graphbelow.DomesticSupplyPw +tPDomesticDemand40 4575 95 105Which area on the graph corresponds to consumption loss? What isdomestic consumption with free trade?O WO Y

P. Domestic Supply Z. P+s P Domestic Demand 10 18 35 41 Q Consider the effects of an export subsidy in a small country using the graph above. What are exports with the export subsidy? O a. 6 units O b. 17 units O c. 25 units O d. 31 units

P. Domestic Supply Z. P+s P Domestic Demand 10 18 35 41 Q Consider the effects of an export subsidy in a small country using the graph above. What are exports with the export subsidy? O a. 6 units O b. 17 units O c. 25 units O d. 31 units

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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