Figure 8.1
Market for Traditional Beans in Small Village

-According to Figure 8.1,if we define LIP as the local import price,EP as the external market price,LEP as the local export price,and AP as the autarky price,which distance represents the transfer costs of selling beans to the big city?

Question

Figure 8.1
Market for Traditional Beans in Small Village
 
-According to Figure 8.1,if we define LIP as the local import price,EP as the external market price,LEP as the local export price,and AP as the autarky price,which distance represents the transfer costs of selling beans to the big city?

Quizplus · Accepted Answer

The Answer of Figure 8.1
Market for Traditional Beans in Small Village
 
-According to Figure 8.1,if we define LIP as the local import price,EP as the external market price,LEP as the local export price,and AP as the autarky price,which distance represents the transfer costs of selling beans to the big city?

Figure 8.1 Market for Traditional Beans in Small Village