Please correct answer and don't use hand raiting O Macmillan LearningThe table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in thetable to answer the questions.Price ($) per pound (lb) of cocoa beansPrice ($/lb)Cameroon quantityCameroon quantityNigeria quantityNigeria quantitydemanded (lb)supplied (lb)demanded (lb)supplied (lb)818050015521072004601801806250410200160528036022014043320350320240125280260115What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries?price, Cameroon: $quantity demanded, Cameroon:lbprice, Nigeria: $quantity demanded, Nigeria:lb

Ans. ) Given the question, there are two countries: Cameroon and Nigeria. The good is Cocoa beans.…

Answered: O Macmillan Learning The table shows…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 1P

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Similar questions

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How can you locate the equilibrium point on a demand and supply graph?
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