Question: Hi Teachers, Can anyone create me a graph using the below instructions? Please help me in this, I am very poor at maths Draw the

Hi Teachers,

Can anyone create me a graph using the below instructions? Please help me in this, I am very poor at maths

  1. Draw the horizontal axis as "Price of Fish (pounds of salt per pound of fish)" and the vertical axis as "Quantity of Fish Supplied (pounds)".
  2. Plot the Home country's autarky point at (3/8, 0). Since this is the minimum price at which the home country is willing to supply fish, draw a horizontal line from this point to the right. This line represents the home country's supply curve for fish.
  3. Plot the Away country's autarky point at (1/2, 0). Since this is the minimum price at which the away country is willing to supply fish, draw a horizontal line from this point to the right. This line represents the away country's supply curve for fish.
  4. The world relative supply curve for fish is the horizontal sum of the home and away country's supply curves. This means it's a horizontal line that starts at the point where the two autarky lines intersect (which will be at a price between 1/2 and 3/8 pounds of salt per pound of fish) and extends to the right.

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