The figure illustrates the market for coffee in Guatemala. 150+ 140- 130 120 110 100 90 80 Price 70 60 50 40+ 30 20 10 B C D G H Domestic supply World price Domestic demand 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

The figure illustrates the market for coffee in Guatemala. 150+ 140- 130 120 110 100 90 80 Price 70 60 50 40+ 30 20 10 B C D G H Domestic supply World price Domestic demand 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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The figure illustrates the market for coffee in Guatemala.
23 28 28 882 88
150
140
130
120
110
100
90
80
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60
40
30
20
10
B
с
D
F
Q
Refer to Figure 9-1. With trade, Guatemala will
H
Domestic supply
World
price
Domestic demand
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

Refer to Figure 9-1. With trade, Guatemala will
A export 22 units of coffee.
B export 10 units of coffee.
import 30 units of coffee.
D) import 12 units of coffee.

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