Use the following to answer questions :
Figure: The Domestic Market for Rice
-(Figure: The Domestic Market for Rice) Look at the figure The Domestic Market for Rice. Assume that P_A is the autarky price and P_W is the world price. Before international trade, consumer surplus is equal to the area:

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Use the following to answer questions :
Figure: The Domestic Market for Rice

-(Figure: The Domestic Market for Rice) Look at the figure The Domestic Market for Rice. Assume that P_A is the autarky price and P_W is the world price. Before international trade, consumer surplus is equal to the area:

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The Answer of Use the following to answer questions : Figure: The Domestic Market for Rice -(Figure: The Domestic Market for Rice) Look at the figure The Domestic Market for Rice. Assume that P_A is the autarky price and P_W is the world price. Before international trade, consumer surplus is equal to the area:

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