The nation of Bermuda is “small” and assumed to be unable to affect world prices. It imports strawberries at the price of 10 dollars per box. The Domestic Supply and Domestic Demand curves for boxes are: S = 60 + 20P D = 1160 − 15P (a) Assume Bermuda is Completely open to trade. how much is imported?
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The nation of Bermuda is “small” and assumed to be unable to affect world prices. It imports
strawberries at the price of 10 dollars per box. The Domestic
for boxes are:
S = 60 + 20P
D = 1160 − 15P
(a) Assume Bermuda is Completely open to trade. how much is imported?
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