All questions are based on the following three panel diagram. A. The U.S. 2500 Motorbike Market...

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All questions are based on the following three panel diagram. A. The U.S. 2500 Motorbike Market Price ($/unit) 5000 / SUS Imports pretrade price Sus = U.S. supply Dus = U.S demand B. International 10 40 70 Quantity (thousands) 5000 Price ($/unit) 2500 1750 Motorbike Market 60 (D) = In : Dus - Sus) Sex DEX Sx = Rest-of-world supply of exports (Sx = 5 - D) Dm - U.S. demand for imports Quantity (thousands) C. The Rest of the World's Motorbike Market 2500 1750 Price {$/unit) World price with trade. Exports St Dt 15 45 75Quantity (thousands) S/= Rest of world's supply D/= Rest of world's demand Consider the above figure, which shows free trade in motorbikes. Assume that consumers in US shift their tastes in favor of motorbikes. What is the effect on excess demand curve? What is the effect on the equilibrium international price and trading quantity? All questions are based on the following three panel diagram. A. The U.S. 2500 Motorbike Market Price ($/unit) 5000 / SUS Imports pretrade price Sus = U.S. supply Dus = U.S demand B. International 10 40 70 Quantity (thousands) 5000 Price ($/unit) 2500 1750 Motorbike Market 60 (D) = In : Dus - Sus) Sex DEX Sx = Rest-of-world supply of exports (Sx = 5 - D) Dm - U.S. demand for imports Quantity (thousands) C. The Rest of the World's Motorbike Market 2500 1750 Price {$/unit) World price with trade. Exports St Dt 15 45 75Quantity (thousands) S/= Rest of world's supply D/= Rest of world's demand Consider the above figure, which shows free trade in motorbikes. Assume that consumers in US shift their tastes in favor of motorbikes. What is the effect on excess demand curve? What is the effect on the equilibrium international price and trading quantity?