RElief !! after yesterdays paper!!!
What was the answer for that ques where land supply is increased??
i marked a , X supply increases and that of Y decreases..
And for free trade policy , i marked it as small country? :///
@ arushi yes land ss, i also marked a). but for free trade policy i marked cn't say..dn't know whether i am correct or not.@ ishita, for limit i think it was f(3)=7(option c)
For the question related to the land supply i marked the same..not sure but Rybzyncski Theorem states the same..and wat about the Stolper samuelson question..??
"I don't ride side-saddle. I'm as straight as a submarine"
For 1 i marked d,beause f wasnt given ,,
Let f = x^2 + x - 12/ x-3
then f (3) = 0/0 so we cant say anything with surity ..
and fr that offer curve i guess it was sum of elasticities 1