Consider a country that produces shoes and does not engage in trade with other countries.Draw a supply/demand graph to illustrate consumer surplus and producer surplus.Suppose the country begins to import shoes.Draw a second graph to illustrate the new areas that represent consumer surplus and producer surplus.

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The Answer of Consider a country that produces shoes and does not engage in trade with other countries.Draw a supply/demand graph to illustrate consumer surplus and producer surplus.Suppose the country begins to import shoes.Draw a second graph to illustrate the new areas that represent consumer surplus and producer surplus.

Consider a Country That Produces Shoes and Does Not Engage