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Who gains and who loses and by how much

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Reference no: EM13181956

The demand for coffee is assumed to be P = 15 - Q (units don't matter here.) The domestic supply of coffee is P = 2 * Q. The world market price of coffee is 5. Using graphs, show who gains and who loses and by how much (both for losers and winners), when a country that has previously prohibited coffee imports opens up to trade?

Reference no: EM13181956

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