The following graph shows intra-industry trade in the United States for two types of yogurts: Yoplait (a famous French brand) and Dannon (a famoud American brand): -1 13 12 11 10 A 9 Price ok 2 1. 2 O CHG. GHOI. O HLP. US Market for Yoplait (Y) Supply of Yoplait GHPK. 5 8 Demand for Yoplait 8 9 10 11 12 13 Yoplak 14 15 12 Price 11 10 A 2 US Market for Dannon (D) 3 4 5 6 Supply of Dannon Refer to the above graph. At the price of $6 for Y, and relative to an autarkic situation, intra- industry trade leads to a loss for producers of: 7 8 Demand for Dannon Dannon 9 10 11 12 13
The following graph shows intra-industry trade in the United States for two types of yogurts: Yoplait (a famous French brand) and Dannon (a famoud American brand): -1 13 12 11 10 A 9 Price ok 2 1. 2 O CHG. GHOI. O HLP. US Market for Yoplait (Y) Supply of Yoplait GHPK. 5 8 Demand for Yoplait 8 9 10 11 12 13 Yoplak 14 15 12 Price 11 10 A 2 US Market for Dannon (D) 3 4 5 6 Supply of Dannon Refer to the above graph. At the price of $6 for Y, and relative to an autarkic situation, intra- industry trade leads to a loss for producers of: 7 8 Demand for Dannon Dannon 9 10 11 12 13
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The following graph shows intra-industry trade in the United States for two types of
yogurts: Yoplait (a famous French brand) and Dannon (a famoud American brand):
13
12
11.
10 A
9
83
7
2
1
0
-1 10 1
-11
CHG.
O GHOI.
O HLP.
US Market for Yoplait (Y)
Supply of Yoplait
O GHPK.
8
Demand for Yoplait
9 10 11 12 13
Yoplak
15
12 Price
11
10 A
0 1
2
US Market for Dannon (D)
Refer to the above graph. At the price of $6 for Y, and relative to an autarkic situation, intra-
industry trade leads to a loss for producers of:
Supply of Dannon
Demand for Dannon
Dannon
10 11 12 13
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