At the intermediate price shown in the diag ram, (the free trade price) Japan sells exports to the UK for a higher(prenominal) price but this is still lower than the UK equilibrium price. Japan receives revenue from the sale of these exports. UK consumers can now buy to a greater extent camcorders at a lower price and have more choice in the market We atomic number 18 ignoring transportation cost between the two countries and we are take for granted that the resources th...If you want to maintain a full essay, order it on our website: BestEssayCheap.com
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