PRICE IDollars per t 300 Poliersper ton)131 Price per ton 250 Quantity Demanded

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PRICE IDollars per t 300 Poliersper ton)131 Price per ton 250 Quantity Demanded Millions of tons of rice] 21 Quantity Supplied 21 Millions of tons of rice 200 Exports (Millions of tons of rice 150 100 50 t 10 40 50 20 QUANTITY (Millions of tons of rice 30 Suppose that the Republic of the Union of Myanmar is a closed economy. That is, the government does not allow any imports or exports, so price is determined by domestic supply and demand. The price of a ton of rice in Burma is $131 per ton of rice. permitted rice exports. If the world price is $200 per ton, Burma Now consider what would happen if the government will export 28 million tons of rice. In general, consumers are better off when prices are low, and producers are better off when prices are high. Based on the trade restrictions that Burma's government imposed, which group did it want to keep happy? O Consumers

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