Figure 19-1 Figure 19-1 shows the U.S.demand and supply for leather footwear.
-Refer to Figure 19-1.Under autarky,the consumer surplus is ________ and the producer surplus is ________.

Question

Figure 19-1  Figure 19-1 shows the U.S.demand and supply for leather footwear.
-Refer to Figure 19-1.Under autarky,the consumer surplus is ________ and the producer surplus is ________.

Quizplus · Accepted Answer

Under autarky, the consumer surplus is $195 and the producer surplus is $105. This is because the equilibrium price is $200, and the consumer demand curve is above the producer supply curve at this price.

Figure 19-1 Figure 19-1 Shows the U