The table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in the table to answer the questions. Price ($) per pound (lb) of cocoa beans Price ($/lb) Cameroon quantity demanded (lb) Cameroon quantity supplied (lb) Nigeria quantity demanded (lb) Nigeria quantity supplied (lb) 88 180180 500500 155155 210210 77 200200 460460 180180 180180 66 250250 410410 200200 160160 55 280280 360360 220220 140140 44 320320 320320 240240 125125 33 350350 280280 260260 115115 What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries? price, Cameroon: $     quantity demanded, Cameroon: lb   price, Nigeria: $     quantity demanded, Nigeria: lb

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in the table to answer the questions.

Price ($) per pound (lb) of cocoa beans
Price ($/lb) Cameroon quantity demanded (lb) Cameroon quantity supplied (lb) Nigeria quantity demanded (lb) Nigeria quantity supplied (lb)
88 180180 500500 155155 210210
77 200200 460460 180180 180180
66 250250 410410 200200 160160
55 280280 360360 220220 140140
44 320320 320320 240240 125125
33 350350 280280 260260 115115

What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries?

price, Cameroon: $
 
 
quantity demanded, Cameroon: lb
 
price, Nigeria: $
 
 
quantity demanded, Nigeria: lb
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