File:World relative supply and demand in the classical Ricardo model of one-factor international trade between two countries.svg

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Summary

Relative demand for cloth in terms of wine is download sloping with respect to the relative price of wine and cloth as a result of substitution effects. Relative supply is an increasing simple function of relative prices.

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Date/TimeThumbnailDimensionsUserComment
current13:15, 7 January 2017Thumbnail for version as of 13:15, 7 January 2017338 × 260 (35 KB)127.0.0.1 (talk)Relative demand for cloth in terms of wine is download sloping with respect to the relative price of wine and cloth as a result of substitution effects. Relative supply is an increasing simple function of relative prices.
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