Question: Consider two countries, home and foreign and a single good, Y. Assume that home country imports good Y from foreign country. The import demand curve

Consider two countries, home and foreign and a single good, Y. Assume that home country imports good Y from foreign country. The import demand curve for good Y in home country is given by: MD = 170 - 2P' and the export supply curve for good Y in Foreign country is given by: EX = P' -40

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