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, then area _____ shows a redistribution of income from the consumers to the producers.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, then area _____ shows a redistribution of income from the consumers to the producers.Figure 18.1:

The Graph Shows the Market for Wheat in an Economy