ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question 2: Suppose
Qd= 100- 10P
Qs = 10P
a. Draw a graph using the
b. Draw another graph assuming that trade is allowed. Calculate quantity domesticallyconsumed, domestically produced, imports,
c. What happens to consumer surplus and producer surplus after trade? Does total surplusincrease or decrease after trade? Show your calculations.
i need the the diagram
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