3. (20 points) true or false. explain your answers in clearly
(30 points) Country H, which is small, exports good X. Its excess supply curve is given by P=100 4X. The world price ratio Px/Py is P=200. It is suggested, but not required, that you use a graph to help answer the questions below. (Note that answers may be fractions of a unit.) Find the free trade equilibrium quantity of exports. What […]