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Homework answers / question archive / The demand for cars in Home is q=30−Pq=30−P and the supply of cars in Home is q=Pq=P
The demand for cars in Home is q=30−Pq=30−P and the supply of cars in Home is q=Pq=P. The demand for cars in Foreign is q=10−Pq=10−P and the supply of cars in Foreign is q=Pq=P. Calculate the autarky equilibrium price and quantity in each country.
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