The figure given below shows the US market for imported apricots. for simplicity we consider export supply

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The figure given below shows the US market for imported apricots. for simplicity we consider export supply curves to be flat. Spanish apricots is available for $75 per bushel and south African apricots for $25 per bushel:

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The figure given below shows the US market for imported apricots. for simplicity we consider export supply

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1 100 where lowest cost supply and demand meet 2 0 as now price rises to domestic level of 100 be... View the full answer

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