Price of Calculators $27 (a) export 100 calculators (b) import 150 calculators (c) import 250 calculators (d) export 300 calculators 12 7 2 0 150 300 400 Domestic Supply World Price Domestic Demand Quantity of Calculators 19. Refer to the figure above which shows the domestic market for calculators in Haiti. What would Haiti do? 20. Refer to the figure above which shows the domestic market for calculators in Haiti. What is the change in total surplus in Haiti because of trade? (a) $625
Price of Calculators $27 (a) export 100 calculators (b) import 150 calculators (c) import 250 calculators (d) export 300 calculators 12 7 2 0 150 300 400 Domestic Supply World Price Domestic Demand Quantity of Calculators 19. Refer to the figure above which shows the domestic market for calculators in Haiti. What would Haiti do? 20. Refer to the figure above which shows the domestic market for calculators in Haiti. What is the change in total surplus in Haiti because of trade? (a) $625
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter18: Gaining From International Trade
Section: Chapter Questions
Problem 5CQ
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