Answer to Question #216307 in Economics for wawa

Question #216307

n autarky, what would be the equilibrium price of coffee, the quantity of coffee produced and the quantity of coffee consumed in Brazil?


1
Expert's answer
2021-07-13T11:58:49-0400

In autarky, the equilibrium price of coffee will be determined in the intersection point of domestic demand and supply, and the quantity of coffee produced and the quantity of coffee consumed in Brazil will be equal.


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