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In: Economics

Consider international trade in a world with two countries, Home and Foreign, and a single good....

Consider international trade in a world with two countries, Home and Foreign, and a single good. At Home, the demand is D = 500 - 2P and the supply is S = 200 + 4P. At Foreign, the demand is D* = 600 - 2P and the supply is S* = 360 + 2P.

How do I find the consumer and producer surplus in autarky?

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Rahul Sunny answered 1 year ago
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