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Business, 21.04.2020 20:23 jmwmarshall

The demand for cars in Home is q = 30 – P and the supply of cars in Home is q = P. The demand for cars in Foreign is q = 20 – P and the supply of cars in Foreign is q = P. a) Calculate the equilibrium price and quantity in each country under isolation. b) Who is the importer of cars and who is the exporter?c) Write the import demand for Home and the export supply for Foreign.

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The demand for cars in Home is q = 30 – P and the supply of cars in Home is q = P. The demand for ca...
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