I need help with applying the equations to answer questions d and e.
Now assume that there is free trade between the European Union and US.
d. Determine the international equilibrium price of corn (per ton).
e. How much corn is produced and consumed in the European Union and US.
Equations for corn:
EU = 70 - 2 PEU
EU = 20 + 3PEU
US = 130 - 3PUS
US = 30 + PUS
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