Question: Home's import demand curve (shown on the graph to the right) for wheat is QuD = 80 - 40OP: Foreign's demand curve is D

Homes import demand curve (shown on the graph to the right) for wheat is QMD = 80 - 40P Foreigns demand curve is D = 80 - 2

Price, P 010 20 30 40 50 60 Quantity, Q. 70 MD 80 90 100 

Home's import demand curve (shown on the graph to the right) for wheat is QuD = 80 - 40OP: Foreign's demand curve is D = 80- 20P Foreign's supply curve is S = 40 + 20P 1) Using the line drawing tool, accurately graph Foreign's export supply curve Label ther curve 'EX 2) Using the point drawing tool, assuming free trade between the countries at zero transportation cost, indicate on the graph the world price of wheat and the volume of trade. Label the point 'EQ Carefully follow the instructions above and only draw the required objects Price, P 1- MD 0+ 20 30 40 50 60 70 80 Quantity, Q 10 90 100

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