contestada

a. How many bushels of corn, if any, will the United States export or import at the prices below?
At $1, it will (import, export, or neither import or export )
___bushels.

b. How many bushels of corn, if any, will the United States export or import at the prices below?
At $2, it will (import, export, or neither import or export )
____bushels.

c. How many bushels of corn, if any, will the United States export or import at the prices below?
At $3, it will (import, export, or neither import or export )
____ bushels.

d. How many bushels of corn, if any, will the United States export or import at the prices below?
At $4, it will (import, export, or neither import or export )
____ bushels.

e. How many bushels of corn, if any, will the United States export or import at the prices below?
At $5, it will (import, export, or neither import or export )
____ bushels.

2.

a. Use this information to construct the U.S export supply curve and import demand curve for corn

b. Suppose that the only other corn-producing nations is France, where the domestic price is $4. Which country will export corn and which country will import it

The United Stated will import corn France will export it

The United States will export corn and France will import it

Neither country will import or export corn.

a How many bushels of corn if any will the United States export or import at the prices below At 1 it will import export or neither import or export bushels b H class=

Respuesta :

Lanuel
  • At $1, the United States will import 15,000 bushels of corn.
  • At $2, the United States will import 7,000 bushels of corn.
  • At $3, the United States will neither import nor export any bushels of corn.
  • At $4, the United States will export 6,000 bushels of corn.
  • At $5, the United States will export 10,000 bushels of corn.

The number of bushels of corn.

Based on the graph which depicts the United States domestic market for  corn at different prices, we can logically deduce the following information:

  • At $1, the United States will import 15,000 bushels of corn.
  • At $2, the United States will import 7,000 bushels of corn.
  • At $3, the United States will neither import nor export any bushels of corn.
  • At $4, the United States will export 6,000 bushels of corn.
  • At $5, the United States will export 10,000 bushels of corn.

Assuming France is the only other corn-producing nations at a domestic price of $4, we can reasonably infer that the United States will export corn while France will import it.

Read more on import here: https://brainly.com/question/24190346

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