The following graph shows intra-industry trade in the United States for two types of yogurts: Yoplait (a famous French brand) and Dannon (a famoud American brand): -1 13 12 11 10 A 9 Price ok 2 1. 2 O CHG. GHOI. O HLP. US Market for Yoplait (Y) Supply of Yoplait GHPK. 5 8 Demand for Yoplait 8 9 10 11 12 13 Yoplak 14 15 12 Price 11 10 A 2 US Market for Dannon (D) 3 4 5 6 Supply of Dannon Refer to the above graph. At the price of $6 for Y, and relative to an autarkic situation, intra- industry trade leads to a loss for producers of: 7 8 Demand for Dannon Dannon 9 10 11 12 13
The following graph shows intra-industry trade in the United States for two types of yogurts: Yoplait (a famous French brand) and Dannon (a famoud American brand): -1 13 12 11 10 A 9 Price ok 2 1. 2 O CHG. GHOI. O HLP. US Market for Yoplait (Y) Supply of Yoplait GHPK. 5 8 Demand for Yoplait 8 9 10 11 12 13 Yoplak 14 15 12 Price 11 10 A 2 US Market for Dannon (D) 3 4 5 6 Supply of Dannon Refer to the above graph. At the price of $6 for Y, and relative to an autarkic situation, intra- industry trade leads to a loss for producers of: 7 8 Demand for Dannon Dannon 9 10 11 12 13
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 7PA
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