The world price of a simple electronic calculator is $5.00.Before Zimbabwe allowed trade in calculators,the price of a calculator there was $7.50.Once Zimbabwe began allowing trade in calculators with other countries,Zimbabwe began

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Before Zimbabwe allowed trade in calculators, they did not have access to the world market and therefore had to rely on their own domestic supply, which was more expensive. Once they began allowing trade, they could import calculators from other countries at the lower world price, which would then decrease the price in their own market to match the global price.

The World Price of a Simple Electronic Calculator Is $5