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ASSUME THAT THIS REPRESENTS THE MARKET FOR PASTA IN COUNTR…
ASSUME THAT THIS REPRESENTS THE MARKET FOR PASTA IN COUNTRY A. AS IN LECTURE, THE DEMAND REPRESENTS TOTAL DEMAND FROM PEOPLE IN COUNTRY A. BUT THE SUPPLY CURVE REPRESENTS DOMESTIC SUPPLY. THE FOLLOWING QUESTIONS WILL REFER TO THIS GRAPH. THE GRAPH SHOULD APPEAR BEFORE EACH QUESTION.
ASSUME THAT THIS REPRESENTS THE MARKET FOR PASTA IN COUNTRY A. AS IN LECTURE, THE DEMAND REPRESENTS TOTAL DEMAND FROM PEOPLE IN COUNTRY A. BUT THE SUPPLY CURVE REPRESENTS DOMESTIC SUPPLY. THE FOLLOWING QUESTIONS WILL REFER TO THIS GRAPH. THE GRAPH SHOULD APPEAR BEFORE EACH QUESTION.
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