Question: AUTARCHY FOREIGN: Consider Foreign with no trade. FOREIGN Demand P = 200 - 2 Q Supply P = Q -Plot the Demand and Supply schedules

AUTARCHY FOREIGN: Consider Foreign with no trade.

FOREIGN Demand P = 200 - 2 Q

Supply P = Q

-Plot the Demand and Supply schedules for Foreign.

-Calculate and illustrate the autarchy equilibrium output, prices, and consumption.

- Calculate and show Consumer and Producer Surpluses. Show that Private Surplus is at a maximum.

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