25. Two countries, A & B. produce and consume an identical good. Country A's demand and supply curves are: Q=250-2P & Q-

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25 Two Countries A B Produce And Consume An Identical Good Country A S Demand And Supply Curves Are Q 250 2p Q 1 (71.27 KiB) Viewed 24 times

25. Two countries, A & B. produce and consume an identical good. Country A's demand and supply curves are: Q=250-2P & Q-P. country B's demand and supply curves 0-100-P &Q=3P What is the world price if the two countries can trade freely? (3%) II. What is the change in the consumer surplus and the producer surplus in country A as a result of the free trade (comparing to when there is no trade)? (6%)