Consider the Honduran market for soybeans. The following graph shows the domestic demand and domestic supply curves for soybeans in Honduras. Suppose Honduras's government currently does not allow international trade in soybeans. Use the black point (plus symbol) to indicate the equilibrium price of a ton of soybeans and the equilibrium quantity of soybeans in Honduras in the absence of international trade. Then, use the green triangie (triangie symbol) to shade the area representing consumer surpius in equilibrum. Finally, use the purpie triangle (diamond symbol) to shade the area representing producer surpius in equilibrum. 380 Domestic Demand Domestic Supply 365 Equilibrium without Trade 350 335 320 Consumer Surplus 305 290 Producer Surplus 275 260 245 230 25 50 75 100 125 150 175 200 225 250 QUANTITY (Tans of saybeans) Based on the previous graph, total surplus in the absence of international trade is s PRICE (Dollars per ton)
Consider the Honduran market for soybeans. The following graph shows the domestic demand and domestic supply curves for soybeans in Honduras. Suppose Honduras's government currently does not allow international trade in soybeans. Use the black point (plus symbol) to indicate the equilibrium price of a ton of soybeans and the equilibrium quantity of soybeans in Honduras in the absence of international trade. Then, use the green triangie (triangie symbol) to shade the area representing consumer surpius in equilibrum. Finally, use the purpie triangle (diamond symbol) to shade the area representing producer surpius in equilibrum. 380 Domestic Demand Domestic Supply 365 Equilibrium without Trade 350 335 320 Consumer Surplus 305 290 Producer Surplus 275 260 245 230 25 50 75 100 125 150 175 200 225 250 QUANTITY (Tans of saybeans) Based on the previous graph, total surplus in the absence of international trade is s PRICE (Dollars per ton)
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter10: Quadratic Equations
Section10.5: Graphing Quadratic Equations
Problem 212E: For the revenue model in Exercise 10.206 and Exercise 10.210, explain what the x-intercepts mean to...
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