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Author Question: Consider the trade of a product between two regions. If it is very inexpensive to move the product ... (Read 45 times)

danitzaidaly

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on: Oct 12, 2022
Consider the trade of a product between two regions. If it is very inexpensive to move the product from one regional market to another, then the
◦ price it sells for in every country will depend on the cost of labour in the single low-cost country in which the product was produced.
◦ difference in the price from one market to another will depend on the relative elasticities of supply in the separate markets.
◦ "law of one price" argues that it will sell for approximately the same price in all markets.
◦ absolute cost of producing the product must be the same in all markets.
◦ production of the world supply will be from the single country with the lowest absolute cost of producing it.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by danitzaidaly on Oct 12, 2022

koswald

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Reply #1 on: Oct 12, 2022
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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danitzaidaly

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
Excellent

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