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TV (DOLLARS) 100 200 300 400 500 600 700 800 IN UNITED STATES (THOUSANDS) 100 85 70 60 50 40 30 20 IN UNITES STATES (THOUSANDS) 10 20 30 40 50 60 70
TV (DOLLARS) 100 200 300 400 500 600 700 800
IN UNITED STATES (THOUSANDS) 100 85 70 60 50 40 30 20
IN UNITES STATES (THOUSANDS) 10 20 30 40 50 60 70 80
JAPAN (THOUSANDS) 100 85 70 60 50 40 30 20
JAPAN (THOUSANDS) 25 50 70 80 90 100 110 120
A. DRAW THE DEMAND AND SUPPLY CURVE FOR EACH COUNTRY AND A THIRD GRAPH OF EXCESS SUPPLY AND EXCESS DEMAND CURVE FOR WORLD TRADE.
B. IF THERE IS NO TRADE BETWEEN THESES COUNTRIES, WHAT ARE THE EQUILIBIRUM PRICE AND QUANTITY IN THE UNITED STATES AND JAPAN FOR TV?
C. IF JAPAN AND THE UNITED STATES TRADE WITH EACH OTHER, WHAT WILL BE THE EQUILIBIRUM PRICE IN THE WORLD MARKET FOR TELEVISION SETS?
D. IF JAPAN AND THE UNITES STATES WITH EACH OTHER, WHICH COUNTRY WILL EXPORT TELEVISION SETS AND HOW MANY? aND WHICH COUNRY IMPORT TV AND HOW MANY?
