.The United States exports wheat. Draw a graph to illustrate the U.S. wheat market if there is free international trade in wheat. On your graph, mark the price of wheat and the quantities bought, produced, and exported by the United States.
4.Suppose that the world price of sugar is 20 cents a pound, Brazil does not trade internationally, and the equilibrium price of sugar in Brazil is 10 cents a pound. Brazil then begins to trade internationally.
?How does the price of sugar in Brazil change? Do Brazilians buy more or less sugar?Do Brazilian sugar growers produce more or less sugar?
?Does Brazil export or import sugar and why?
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