Figure 18.1
-Refer to Figure 18.1. With free trade, what is the equilibrium price of gloves in Duckland?

Name: Figure 18.1 -Refer to Figure 18.1. With free trade, what is the equilibrium price of gloves in Duckland?
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With free trade, Duckland will import gloves when the world price is lower than its domestic price without trade. The equilibrium price with free trade is the world price, which is $8 in this context.

Figure 18.1 -Refer to Figure 18.1. with Free Trade, What Is the Is