Figure 9-1 The figure illustrates the market for coffee in Guatemala. Price 150 140 130 120 110 100+ 90 80+ 70+ 60+ 50+ 40 30 20 10- B с D export 22 units of coffee. F IT. export 10 units of coffee. import 30 units of coffee. import 12 units of coffee. Refer to Figure 9-1. With trade, Guatemala will Q H Domestic supply 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 Quantity World price Domestic demand

Figure 9-1 The figure illustrates the market for coffee in Guatemala. Price 150 140 130 120 110 100+ 90 80+ 70+ 60+ 50+ 40 30 20 10- B с D export 22 units of coffee. F IT. export 10 units of coffee. import 30 units of coffee. import 12 units of coffee. Refer to Figure 9-1. With trade, Guatemala will Q H Domestic supply 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 Quantity World price Domestic demand

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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