Explain the domestic consumption and possibly for export

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Question 1

Suppose that a small tropical country produces mangoes for domestic consumption and possibly for export. The total demand and supply curves for mangoes in this country are given by the following: P:50-Q (Demand) P:25+Q (Supply) Where P is their price and Q the quantity (in tons)

(a) Draw a demand and supply diagram (Make sure that you show the y-axis intersects for the demand and supply curves)

Reference no: EM133083261

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