Grades for Estella Olmedo: MC

Integration Hub

$-$hub.macmillanlearning.com$/$ihub$/$assessment$/$f$188$d$950-$dd$73-11$e$0-9572-0800200$c$9$a$66/361$

$1740$ pts

$2200$

Question $17$ of $22$

The table shows the hypothetical demand for and supply of coffee beans in two countries: Honduras and Bulgaria.

Price $(\backslash$$$)$ per pound of coffee beans

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$begin$\{$tabular$\}\{$l$\}$

Price $\backslash \backslash$

$(\backslash$$$/$b$)$

$\backslash$end$\{$tabular$\}$ & Honduras's quantity demanded $($Ib$)$ & Honduras's quantity supplied $($lb$)$ & Bulgaria's quantity demanded $($lb$)$ & Bulgaria's quantity supplied $($lb$)\backslash \backslash$

$\backslash$hline $8$ & $180$ & $500$ & $155$ & $210\backslash \backslash$

$\backslash$hline $7$ & $200$ & $460$ & $180$ & $180\backslash \backslash$

$\backslash$hline $6$ & $250$ & $410$ & $200$ & $160\backslash \backslash$

$\backslash$hline $5$ & $280$ & $360$ & $220$ & $140\backslash \backslash$

$\backslash$hline $4$ & $320$ & $320$ & $240$ & $125\backslash \backslash$

$\backslash$hline $3$ & $350$ & $280$ & $260$ & $115\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

In autarky, what would the equilibrium price and quantity be in Honduras and Bulgaria?

equilibrium price in Honduras: $\backslash$$

equilibrium quantity in Honduras:

equilibrium price in Bulgaria:

$\backslash$$

equilibrium quantity in Bulgaria: