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Unformatted text preview: Determine production and consumption in both Home and Foreign What is Equilibrium Trade Price? Graphical solution Plot Home Export Supply Curve Plot Foreign Import Demand Curve Intersection at Equilibrium Price Intersection at Equilibrium Prices Algebraic solution Solve for Home, Foreigns demand...
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This note was uploaded on 12/25/2008 for the course ECON 361 taught by Professor Besh during the Fall '08 term at Cornell University (Engineering School).
- Fall '08