Enable text based alternatives for graph display and drawing entry

Try Another Version of These Questions

The graph below shows the supply and demand curves and the world price for beer.

What is equilibrium price if this country does not trade?

 

Hint


What is equilibrium quantity if this country does not trade?

 

Hint


What is the world price with free trade?

 

Hint


What is domestic quantity demanded at the world price with free trade?

 

Hint


What is the amount of domestic supply at the world price with free trade?

 

Hint


At this world price with free trade, this country will

 

Hint


What is the amount of the exports at the world price with free trade?

 

Hint


What is the size of the gains from trade at the world price?

 

Hint