- Supposed that it is discovered that eating US oranges provides significant health benefits to the extent it moves the relevant curve(s) above in the magnitude of 30 billion Canadian dollars at every exchange rate. Show the impact on the demand/supply diagram below. Sketch the new curve(s) on the diagram.
- As a result of your shift(s) in part 2, calculate the total change in exports (Quantity in Cdn$) flowing from Canada to the US. Show your calculation.