Figure 9-3
The following diagram shows the domestic demand and domestic supply curves in a market.
-Refer to Figure 9-3.Suppose the world price in this market is $7.If the country allows free trade,how much are consumer surplus,producer surplus,and total surplus with trade?

Question

Figure 9-3
The following diagram shows the domestic demand and domestic supply curves in a market. 
-Refer to Figure 9-3.Suppose the world price in this market is $7.If the country allows free trade,how much are consumer surplus,producer surplus,and total surplus with trade?

Quizplus · Accepted Answer

The Answer of Figure 9-3
The following diagram shows the domestic demand and domestic supply curves in a market. 
-Refer to Figure 9-3.Suppose the world price in this market is $7.If the country allows free trade,how much are consumer surplus,producer surplus,and total surplus with trade?

Figure 9-3 The Following Diagram Shows the Domestic Demand and Domestic Supply