Order the answer to: 4. Draw the export supply function using the data in the diagram below. Be sure to indicate y-interc

Academic Help economy Order the answer to: 4. Draw the export supply function using the data in the diagram below. Be sure to indicate y-interc

economy

Order the answer to: 4. Draw the export supply function using the data in the diagram below. Be sure to indicate y-interc

Question 4. Draw the export supply function using the data in the diagram below. Be sure to indicate y-intercept and the quantity that corresponds to the maximum price level, $18, in your graph. (3) Price, P Sno 16- 14 10- 0 10 20 30 40 50 60 70 80 90 100 Quantity 5. (3 credits) What does the term “import demand” describe? A. The excess of domestic demand over domestic supply. B. The excess of foreign supply over foreign demand. C. Relative demand for the importing country. D. Demand for a good the country would like to import because it does not produce this good domestically. 6. The figure below shows the market in an importing country after its government imposes a quota that restricts imports to D-s and (as a consequence) increases the domestic price from Pw to Po. Indicate which area represents each of the consumer surplus change, producer surplus change, and quota rents. If surplus or rent increases, use the plus sign before each area, and if surplus or rent falls, use the negative sign before each area, as you practiced in class. (3) Price, P s' s ? Quantity, Q
Subject economy
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