Suppose that Foreign had been a much larger country, with domestic demand D* = 800 - 200P,
Question:
Suppose that Foreign had been a much larger country, with domestic demand
D* = 800 - 200P, S* = 400 + 200P.
Recalculate the free trade equilibrium and the effects of a 0.5 specific tariff by Home. Relate the difference in results to the discussion of the small country case in the text.
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Related Book For
International Economics Theory and Policy
ISBN: 978-0273754206
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
Question Posted:
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