Business, 18.03.2021 02:40 ej02duncan1

Assume that the supply and demand functionsfor X commodity of the large nation A are Sxa = -1 + Px and Dxa = 13 - Px respectively. For nation B, they are Sxb = 1 + 2Px and Dxb = 3 - 4Px respectively. The price of X commodity exported from nation B to nation A in the free trade is Px = 2 USD. 1. Calculate the maximum quantity of X commodity for nation A in the free trade.
2. Suppose that nation A would impose the import tariff of 50% on commodity X imported from nation B, calculate the after-import tariff of nation B and explain.

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Assume that the supply and demand functionsfor X commodity of the large nation A are Sxa = -1 + Px a...

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