.III Verizon '3' ?=40 PM

Verizon 7:40 PM < Problem_Set_2.pdf Problem_Set_2 To Do 1 40/0(::::::)' Problem Set 2 International Trade Eco 4704/5707 Dr. Atolia Due by 10:45 a.m., Monday, 9/21/2020, via Canvas as a single pdf file 20 points Question 4. Suppose price of HDTV in falls from 82.500 to the $2,100 when trade in HDTVs is opened between Japan and IJ .S. On the other hand, the price of HDTVs rises from 81.300 to 82.100 in Japan. If U.S. gains S2bn. from the opening of trade in HDTVs, how much does Japan gain? Question 5. Prior to opening of trade shoes cost $50 per pair in U and SIO per pair in China. If the price of shoes in U.S. were to fall to $20. U demand of shoes would increase to 60 million pairs and supply would fall to 54 million pairs. On other hand, if price of shoes were to rise in China to 940 per pair, Chinese supply of shoes would rise to 140 million pairs and demand would fall to 1.4) million pairs. Using this information show the equilibrium in the international market for shoes on a graph on graph paper. What is the international equilibrium price and how many pairs of shoes are exported when there is free-trade in shoes between [J.S. and China. Which country exports shoes? Calculate the gain from trade in shoes to U.S. and China. Pace: 2 of 2 1-2 of 2 Dashboard aaa Calendar Notifications Inbox