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Figure: The Market for Calculators
-(Figure: The Market for Calculators) Look at the figure The Market for Calculators. Assume that S and D represent the domestic demand and supply of calculators. The world price, P_W, equals $100. When the economy moves from autarky, under which the price is $150, to free trade, consumer surplus rises by area _____ and producer surplus falls by _____.

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Use the following to answer questions:
Figure: The Market for Calculators

-(Figure: The Market for Calculators) Look at the figure The Market for Calculators. Assume that S and D represent the domestic demand and supply of calculators. The world price, P_W, equals $100. When the economy moves from autarky, under which the price is $150, to free trade, consumer surplus rises by area _____ and producer surplus falls by _____.

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The Answer of Use the following to answer questions: Figure: The Market for Calculators -(Figure: The Market for Calculators) Look at the figure The Market for Calculators. Assume that S and D represent the domestic demand and supply of calculators. The world price, P_W, equals $100. When the economy moves from autarky, under which the price is $150, to free trade, consumer surplus rises by area _____ and producer surplus falls by _____.

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