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

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

Consider two countries: Home and Foreign (*). The countries can produce X and Y according to their PPFs given below and they have identical nice preferences.Draw a plausible excess demand curve for good Y in each country. Please draw both curves in the same graph.

X and Y according to their PPFs given below and they have

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2. Information that comes most readily to mind (availability).

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3. An initial value (anchoring).

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4. Similarity (representativeness).