Home's import demand curve (shown on the graph to the right) for wheat is QuD =...

 

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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 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