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Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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
Transcribed Image Text:International market
Country 2
Country 1
s2
S2
25
25
25
20
20
20
S1 15
15
15
s1
EIP
IP
IP
10
10
10
5
D2
d2
d1 Q
SD1
0-
0 3 69 1215182124 O
0 3 6 9 1215182124Q
0369 1215182124
Q
18. What is the net welfare gain from trade to the economies of both countries together? (hint: the formula for calculating the area of a triangle is 1/2 times the base times
the height)
6.
9.
13.5
33.75
P.
P.
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