Economics: Principles & Policy
Economics: Principles & Policy
14th Edition
ISBN: 9781337696326
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning
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Chapter 34.A, Problem 1TY

a)

To determine

The demand and supply curves for the United States and Japan.

b)

To determine

The equilibrium price and quantity in the laptop market in the United States and in Japan at autarky.

c)

To determine

The equilibrium price in the world market and in the two nations after trade.

d)

To determine

The country that will export laptop.

e)

To determine

The country that will benefit and loss from free trade.

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