Principles of Macroeconomics
Principles of Macroeconomics
7th Edition
ISBN: 9781260110982
Author: Frank, Robert
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 16.A, Problem 2P

(a)

To determine

Effects of world price in quantity demanded and supplied and exports and imports

(b)

To determine

Identify the equilibrium price of cars in the domestic market and its demand and supply after the imposition of voluntary export restriction in the foreign country.

(c)

To determine

Effects of voluntary export restriction in the profit of foreign car producers.

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