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How this impacts the market for sugar

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Question: Suppose the accompanying graph depicts the market for sugar in a hypothetical country. Suppose the country opens trade with E the world sugar market and becomes a sugar exporter. Lea § a. In the accompanying graph, adjust the price line to depict how this impacts the market for sugar. Then, shade the area of © Macmill consumer surplus using CS area and shade the area if producer surplus using the PS area.

 

 

Reference no: EM133575232

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