This graph illustrates the relative commodity Price with partial equilibrium analysis for commodity x which is wood for Nation 1 and Nation 2 and the world mariente I) A) Analyze the dynamics behind the change in relative commodity price with partial equilibrium across the three panels if the P3=4 and how is partial equilibrium restored? 3) Calculate the terms of trade for country A, if it can export 70 kilos of pasta to Country B at a price of $700 and import 20 tons of cement from country B at a price of 500$. Test whether country A and B's terms of trade have improved or deteriorated? C) Comment on the following quote " The only benefits for a nation from free trade is only restricted to consuming at lower prices" This graph illustrates the relative commodity Price with partial equilibrium analysis for commodity x which is wood for Nation 1 and Nation 2 and the world mariente I) A) Analyze the dynamics behind the change in relative commodity price with partial equilibrium across the three panels if the P3=4 and how is partial equilibrium restored? 3) Calculate the terms of trade for country A, if it can export 70 kilos of pasta to Country B at a price of $700 and import 20 tons of cement from country B at a price of 500$. Test whether country A and B's terms of trade have improved or deteriorated? C) Comment on the following quote " The only benefits for a nation from free trade is only restricted to consuming at lower prices