Gain from trade is the area of the triangle that is an increase in the consumer surplus.
it will be 1/2 (80-20 x 40-20) = 1/2 (60x20) = 600. the gain from trade is 600.
Domestic Supply World Price+tarrif World Price Domestic Demand 32 36 40 0 4 8 12 16 20 24 28 44 48 52 a Refer to Figure. With trade, you can deduce that country Imports 24 units of the good and gains from trade are $ 240 a. Imports 24 units of the good and gains from trade are $ 480 Ob. Imports 20 units of the good and gains from trade are $ 200 Imports 20 units of the good...
21) Refer to Figure 9-17. Without trade, consumer surplus is 1 point Figure 9-17 1 Price Domestic Supply World price + tariff World Price Domestic Demand 4 8 12 16 20 24 28 32 36 40 44 48 52 56 60 64 68 72 76 80 84 88 92 96 100 Quantity O a. $400 and producer surplus is $200. b. $400 and producer surplus is $800. O c. $1,600 and producer surplus is $200. O d. $1,600 and producer...
17) Figure 9-12 (1pts) Price 84 Domestic Supply 78 72+ 66 60 World Price 54 48 42 36 30 24+ 18 + 12 Domestic Demand 6 Quantity 2000 2400 2800 1600 1200 800 400 NO Refer to Figure 9-12. Producer surplus after trade is $28,000. $30,000 $35,200. $38,400. 11 12 13 14 | 15 | 16 17 18 19 1 20 Previous
The figure illustrates the market for coffee in Guatemala. | Price 150+ -- Domestic supply World price H Domestic demand 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 Quantity Refer to Figure 9-1. When trade in coffee is allowed. producer surplus in Guatemala a. increases by the area B-D. b. increases by the area B-D-G. c. decreases by the area C +F....
We'll keep discussing this graph: Domestic supply Tariff C D E AM World price 101 Domestic demand 20 40 60 120 180 We are still in free trade, at the world price of $20. Calculate the economy's gains from trade for going from autarky to free trade, carefully following numeric instructions.
(1 pts) 16) Figure 9-9 Price Domestic Supply World Price Domestic Refer to Figure 9-9. Consumer surplus in this market before trade A+B. A+B+
Figure#1: Domestic Supply Price $13 8 $1.00 Terit 6 World Price 5 2 Domestic Demand 30 40 60 84 96 Quantity 1. Refer to Figure #1. (1 Point) After trade opened but without tariff, the domestic price and domestic quantity demanded are a. $5 and 84. (b.S5 and 96. c. $6 and 84. d. $6 and 96. 2. Refer to Figure # 1 . ( 1 Point ) After trade opened with the tariff, the domestic price and domestic quantity...
(1p )Figure 9-24 The following diagram shows the domestic demand and supply in a market Assume that the world price in this market is $20 per unit Price Supply 80 60 50 30 20 10 Demand Quantity 35 40 25 15 20 5 10 Refer to Figure 9-24. With free trade. the country 30 70 40 35 40uara Refer to Figure 9-24. With free trade, the country exports 20 units of the good. imports 20 units of the good. exports...
17) Figure 9-12 (1pts) Price Domestic Supply -- World Price + + Domestic Demand 2400 2800 Quantity + 400 800 1200 1600 2000 Refer to Figure 9-12. Producer surplus after trade is $28,000. $30,000. $35,200 SE Tyne here to search
Price (dollars per shirt) . ..... .. .. 16 24 32 40 48 56 64 Quantity (millions of shirts per year) The above figure shows the domestic supply of and domestic demand for shirts. The world price is $36 per shirt. a. If there is no international trade, what are the equilibrium price and quantity? b. At the world price of $36 per shirt, what is the domestic consumption and domestic production? c. With the change from no international trade...