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Author Question: The figure above shows the U.S. demand and the U.S. supply curves of canned peaches. a. In the ... (Read 86 times)

olgavictoria

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on: May 24, 2019


The figure above shows the U.S. demand and the U.S. supply curves of canned peaches.
a.   In the absence of trade, what is price of canned peaches in the United States?
b.   In the absence of trade, what is the level of production in the United States?
c.   If the world price of canned peaches is $1 a can and the United States engages in trade, does the United States import or export canned peaches?
d.   If the world price of canned peaches is $1 a can and the United States engages in trade, what is the quantity produced in the United States and what is the quantity consumed? What is the quantity imported or exported?
e.  If the world price of canned peaches is $2 a can and the United States engages in trade, does the United States import or export canned peaches?
f.   If the world price of canned peaches is $2 a can and the United States engages in trade, what is the quantity produced in the United States and what is the quantity consumed? What is the quantity imported or exported?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by olgavictoria on May 24, 2019

ecox1012

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgavictoria

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Reply #2 on: May 24, 2019
Excellent


ecox1012

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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