E452Review8

E452Review8 - REVIEW 8.1 (U.S. IMPORT DEMAND) US demand is...

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REVIEW 8.1 (U.S. IMPORT DEMAND) US demand is P = 48 - 2 Q , and US supply is P = 16 + 2 Q . 1. Derive the U.S. autarky price. 2. Derive U.S. import demand. REVIEW 8.2 (MEXICAN EXPORT SUPPLY & WORLD EQUILIBRIUM) Mexican demand is P* = 32 - 2 Q* , and Mexican supply is P* = 2 Q*. Determine the Mexican autarky price. Derive Mexican export supply.
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3. Derive the world price under free trade. 4. Derive US imports under free trade. 5. Derive Mexican exports under free trade. 6. Derive the US quantity demanded and quantity supplied under free trade.
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REVIEW 8-3 (US IMPORT TARIFF) Suppose the United States now places a specific tariff t = 8. 1. Derive the tariff-ridden US import demand. 2. Derive the tariff-ridden Mexican price. 3. Derive the tariff-ridden US price. 4. Derive the tariff-ridden volume of trade (imports or exports). 5. Derive the tariff-ridden US quantity demanded and quantity supplied.
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REVIEW 8-4 (US WELFARE) 1. Derive the change in US producer surplus due to the tariff. 2. Derive the change in US consumer surplus due to the tariff. 3.
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This note was uploaded on 02/13/2012 for the course ECON 452 taught by Professor Vacaflores during the Fall '06 term at Texas A&M.

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E452Review8 - REVIEW 8.1 (U.S. IMPORT DEMAND) US demand is...

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