According to the graph shown,answer the following questions about solar panels.
a.What is the equilibrium price of solar panels before trade
b.What is the equilibrium quantity of solar panels before trade
c.What is the price of solar panels after trade is allowed
d.What is the quantity of solar panels imported
e.What is the amount of consumer surplus before trade
f.What is the amount of consumer surplus after trade
g.What is the amount of producer surplus before trade
h.What is the amount of producer surplus after trade
i.What is the amount of total surplus before trade
j.What is the amount of total surplus after trade
k.What is the change in total surplus because of trade
Correct Answer:
Verified
b.90
c.$10
d.8...
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