Suppose Qd=-25*P+709, Qs=39*P+12 for home and Qd*=-25*P+182, Qs*=39*P+33 for foreign. Further suppose that the importing country place a tariff of 0.15 on the product. What is the trade volume to two decimal places? Answer: (269.20) could you explain the answer by excel please

Suppose Qd=-25P+709, Qs=39P+12 for home and Qd=-25P+182, Qs=39P+33 for foreign. Further suppose that the importing country place a tariff of 0.15 on the product. What is the trade volume to two decimal places? Answer: (269.20) could you explain the answer by excel please

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 12SCQ: What are the conditions under which a country may use the unsafe products argument to block imports?

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Also, plz answer the last question at the end that I wasn't able to include in the photo: True or False: Without engaging in international trade, Freedonia and Desonia would not have been able to consume at the after-trade consumption bundles. (Hint: Base this question on the answers you previously entered on this page.) ( T / F )
A6
1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time
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