For the first part I have drawn a graph but now it is wanting a graph drawn in U.S dollars showing clearly the price that the US importers (the buyers) pay and the quantity of trade that will occur. I have attached my first graph I have made along with the equations given. But I do not understand how to make this graph. Draw a graph showing clearly the quantityand their price in US dollars.Insert an image of your graph here]here is free trade in maple syrup (no tariffs or quotas on imports from Canada), but theanadian dollar (CAD) increases in value against the US dollar (USD), so that one USDnly buys 5 CAD. The cost of maple syrup for the U.S. consumer is now double what itas in the base case for each quantity imported. In the table below show the quantity ofoports supplied at various prices before (from the equation above) and after theange in the currency values.Canadian PriceQuantity of mapleyrupU.S. price beforecurrency changeU.S. price aftercurrency change42re28280

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Answered: Draw a graph showing clearly the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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For the first part I have drawn a graph but now it is wanting a graph drawn in U.S dollars showing clearly the price that the US importers (the buyers) pay and the quantity of trade that will occur. I have attached my first graph I have made along with the equations given. But I do not understand how to make this graph.

Draw a graph showing clearly the quantity
and their price in US dollars.
Insert an image of your graph here]
here is free trade in maple syrup (no tariffs or quotas on imports from Canada), but the
anadian dollar (CAD) increases in value against the US dollar (USD), so that one USD
nly buys 5 CAD. The cost of maple syrup for the U.S. consumer is now double what it
as in the base case for each quantity imported. In the table below show the quantity of
oports supplied at various prices before (from the equation above) and after the
ange in the currency values.
Canadian Price
Quantity of maple
yrup
U.S. price before
currency change
U.S. price after
currency change
42
re
28
280

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