Question: Question is about foreign trade Describe the differences in the allocation effects of the introduction of a minimum price on the domestic market of a

Question is about foreign trade

Describe the differences in the allocation effects of the introduction of a minimum price on the domestic market of a large country

(a) in an import situation with accompanying import levies,

(b) in an export situation with accompanying export subsidies.

(its better if u can explain with pictures or graphics,not only words)

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