Question

Q62
Option b
the price is equal to the world price
P=18
where
Qd=400 and Qs=800
Qs>Qd so the country is an exporter
Export =Qs-Qd=800-400=400 units
===
Q63
Option a
the price is equal to the world price
P=18
where
Qd=400

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