Use the following to answer question:
-(Figure: Domestic Market for Digital Cameras) Use Figure: The Domestic Market for Digital Cameras.Assume that P_A is the autarky price and P_W is the world price.Consumer surplus after international trade is equal to the area:

Question

Use the following to answer question:

-(Figure: Domestic Market for Digital Cameras) Use Figure: The Domestic Market for Digital Cameras.Assume that P_A is the autarky price and P_W is the world price.Consumer surplus after international trade is equal to the area:

Quizplus · Accepted Answer

Consumer surplus is the area above the world price and below the demand curve. After international trade at the world price, consumer surplus includes areas A, B, D, and E.

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