“I’m trying to write my paper and I’m stuck. Can you help me?”

Yes, we can help you achieve academic success without the uncessary stress of deadlines.

Our reliable essay writing service is a great opportunity for you to save your time and receive the best paper ever.

Suppose Demand is P=100-3Q and supply is P=Q

Suppose Demand is P=100-3Q and supply is P=Q. Draw this demand and supply diagram for a closed economy (no imports or exports Question 5 (7 marks) Consider a market described by these demand and supply curves with the production and consumption externalities described in Question 4, and exploring the cases when the world price is 20 or 30. Does free trade always improve welfare? To answer this question do the following welfare calculations and see if the trade situations have higher welfare than the autarky situation. (Remember, when free trade is allowed, the world price might be above, or below, the autarky price, which is why we have to consider both cases if we want to generalize about free trade.) For the production externality case calculate welfare in the following cases: 1.no trade with only a production externality vs 2.importing with only a production externality and 3. exporting with only a production externality . Then consider the consumption externality case by calculating welfare in the following cases 4 no trade with only a consumption externality vs 5.importing with only a consumption externality and 6. exporting with only a consumption externality. Your measure of welfare should always be Consumer Surplus (CS, i.e. area below demand above price) + Producer Surplus (PS, i.e. area above supply curve and below price) + any externality (which is negative in both cases).I) no trade with only a production externality

Plagiarism-free and delivered on time!

We are passionate about delivering quality essays.

Our writers know how to write on any topic and subject area while meeting all of your specific requirements.

Unlike most other services, we will do a free revision if you need us to make corrections even after delivery.