Question: This is a previous exam paper that i need help solving please go ahead, we are not breaking any code here, thank you Use the

 This is a previous exam paper that i need help solving

This is a previous exam paper that i need help solving please go ahead, we are not breaking any code here, thank you

Use the following graph to answer the following questions (a) to (h).

please go ahead, we are not breaking any code here, thank youUse the following graph to answer the following questions (a) to (h).Table Tools X ECON t3 BAS11 A T3 2020 FEX - Word

Table Tools X ECON t3 BAS11 A T3 2020 FEX - Word File Home Insert Design Layout References Mailings Review View Design Layout Tell me what you want to do. Sign in & Share 6 Cut Find * A A Aa A AaBbCcDc AaBbCcDc AaBbCcDc AaBbCc AaBbCct Aa B AaBbCCC AaBbCCD BB Copy "ac Replace Paste B I U - abE X, x] A - Z - A . = = = = 1. . . 1 Normal 1 No Spac... 1 Table Pa... Heading 1 Heading 2 Title Subtitle Subtle Em... 41 Format Painter Select Clipboard Font Paragraph Styles Editing Question 2 (5 marks) Use the following graph to answer the following questions (a) to (h). Type your answer in the space provided below Price Domestic supply EB A B D E World price Domestic demand 0 10 20 30 40 50 60 70 80 Quantity Page 3 of 11 22 of 1767 words [x + 100% 11:09 PM Type here to search O W 1/14/2021X ECON t3 BAS11 A T3 2020 FEX - Word Table Tools File Home Insert Design Layout References Mailings Review View Design Layout Tell me what you want to do.. Sign in & Share 6 Cut Find * A A Aa- A AaBbCcDc AaBbCcDc AaBbCcDc AaBbCc AaBbCct] Aa B AaBbCCC AaBbCCDt BB Copy "ac Replace Paste 1 Normal Format Painter B I U - abE X2 x] A - ay . A . = = = = 1. 3. . 1 No Spac... 1 Table Pa... Heading 1 Heading 2 Title Subtitle Subtle Em... 41 Select Editing Clipboard Font Paragraph Styles Required: a) If trade is not allowed, what is the equilibrio price and quantity in this market? ( 12 mark) [Answer here] BAS11 Final Examination T3 2020 Approved WRS Page 3 a) If trade is allowed, will this country import or export this commodity? ( 1/2 mark) [Answer here] b) If trade is allowed, what is the price at which the good is sold, the domestic quantity supplied and demanded, and the quantity imported or exported. ( 1/2 mark) [Answer here] c) What area corresponds to consumer surplus if no trade is allowed? ( 1/2 mark) [Answer here] Page 3 of 11 22 of 1767 words [x + 11:09 PM Type here to search O m W 1/14/2021Table Tools X ECON t3 BAS11 A T3 2020 FEX - Word File Home Insert Design Layout References Mailings Review View Design Layout Tell me what you want to do.. Sign in & Share 6 Cut Find * A A Aa A AaBbCcDC AaBbCcDc AaBbCcDo AaBbCc AaBbCct Aa B AaBbCCC AaBbCCDt BB Copy "ac Replace Paste B I U - abe X2 X' A - az - A - 1 Normal 1 No Spac... 1 Table Pa... Heading 1 Heading 2 Title Subtitle Subtle Em... 41 Format Painter Select Editing Clipboard Font Paragraph Styles c) What area corresponds to consumer surplus if no trade is allowed? ( 1/2 mark) [Answer here] d) What area corresponds to consumer surplus if trade is allowed? ( 1/2 mark) [Answer here] e) What area corresponds to producer surplus if trade is allowed? ( 12 mark) [Answer here] f) What area corresponds to producer surplus if no trade is allowed? ( 12 mark) [Answer here] g) If free trade is allowed, who gains and who loses, the consumers or the producers, and what area corresponds to the gain or loss? ( 12 mark) [Answer here] h) Economists often argue for and against the benefits of opening a country's market to global competition. Briefly state any two arguments against international trade. (1 mark) [Answer here] Page 4 of 11 22 of 1767 words [x + 100% 11:09 PM Type here to search O WE 1/14/2021

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