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Answer to Question #292785 in Economics for Hafsa

Question #292785

How is the equilibrium-relative commodity price with trade determined with demand and supply curves? 


1
Expert's answer
2022-02-01T09:23:17-0500

The price has been determined by the slope of the production i.e supply whereas the nation's indifference curve i.e., demand price of each nation have been different it can be determined by the relative price of two commodities.


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