Question: 1. Consider two countries: Home and Foreign (*). The countries can produce X and Y according to the below and they have identical nice preferences.

1. Consider two countries: Home and Foreign (*). The countries can

produce X and Y according to the below and they have identical

1. Consider two countries: Home and Foreign (*). The countries can produce X and Y according to the below and they have identical nice preferences. Draw a plausible excess demand curve for good Y in Please draw both curves in the same graph. Home FOREIGN AX A 27 RODEl = 2 * * X

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