The graph shows the market for wheat in an economy. The equilibrium price and quantity of wheat bought and sold in the domestic market in the absence of international trade are P₂ and Q₂, respectively. If the world price of wheat is P₃, the change in producer surplus due to free trade will be equal to area _____.Figure 18.1

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The Answer of The graph shows the market for wheat in an economy. The equilibrium price and quantity of wheat bought and sold in the domestic market in the absence of international trade are P₂ and Q₂, respectively. If the world price of wheat is P₃, the change in producer surplus due to free trade will be equal to area _____.Figure 18.1

The Graph Shows the Market for Wheat in an Economy