"Even If Home Consumers Always Have Perfectly Inelastic Demand for a Product

Essay

"Even if home consumers always have perfectly inelastic demand for a product, at least a portion of the demand curve by those consumers for imports of the product can have the normal downward slope. Further, even if the supply curve of domestic producers is everywhere perfectly inelastic, at least a portion of the supply curve of exports by those producers can have the normal upward slope."