Slide 2-1Copyright © 2003 Pearson Education, Inc. 解釋 RD' Q'Q' 2 解釋 解釋 RD 解釋 解釋 1 解釋 解釋 a LC /a LW a * LC /a * LW RS 解釋 解釋 Figure 2-3: World Relative Supply.

Download Slide 2-1Copyright © 2003 Pearson Education, Inc. 解釋 RD' Q'Q' 2 解釋 解釋 RD 解釋 解釋 1 解釋 解釋 a LC /a LW a * LC /a * LW RS 解釋 解釋 Figure 2-3: World Relative Supply.

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Slide 2-3Copyright 2003 Pearson Education, Inc. determining the relative price after trade -- 1 The equilibrium relative price of cheese is determined by the intersection of the relative supply and relative demand curves. When the relative price of cheese is between the two countries pretrade prices, each country will specialize in the production of the good in which it has a comparative advantage. H produces only cheese, F only wine. (point 1)