Question

The graph to the right depicts the relative ntensive flowers and Foreign exports the land intensive soybeans. The oument world demand and supply curves for flowers. Home currently exports the labor equilibrium in the market occurs at point Eflects of an Export Subsidy Relatve price of fowers Recal that the relaltive quantity of flowers is computed as(, 0.), whle the rlalive price af fowers is computed P/P Suppose that Home creates an export subsidy for flowers .) Using the line drawing tool, draw the new relative demand curve. Label it RD 3.) Using the point drawing fool, plat the new markel equilbrium point indicating the new terms of trade Label the point Carefully follow the insfructions above and only draw the required objects part MacBook Air 4 6

Answer 1

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