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Table 3-27 Assume That Huang and Min Can Switch Between Producing Parasols

Question 336

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Table 3-27
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
​ Table 3-27 Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate. ​ -Refer to Table 3-27. At which of the following prices would both Huang and Min gain from trade with each other? A) 15 parasols for 10 plates B) 15 parasols for 6 plates C) 15 parasols for 3 plates D) Huang and Min could not both gain from trade with each other at any price.
-Refer to Table 3-27. At which of the following prices would both Huang and Min gain from trade with each other?


A) 15 parasols for 10 plates
B) 15 parasols for 6 plates
C) 15 parasols for 3 plates
D) Huang and Min could not both gain from trade with each other at any price.

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