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Showing possible terms of trade for country

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Given the following table showing possible terms of trade for country I and country I's corresponding demand for imports of good Y at each terms of trade:                             

                     possible terms             I's quantity demanded

                      of trade                          of  imports of Y    

 

(a)                    1X:1Y or PX/PY = 1                      20 units

 

(b)                   1X:2Y or PX/PY = 2                      46 units

 

(c)                    1X:3Y or PX/PY = 3                      69 units

 

(d)                   1X:4Y or PX/PY = 4                      84 units

Calculate the supply of exports of good X by country I at each terms of trade and plot the resulting offer curve. 

Reference no: EM13953132

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