Consumer surplus is the area below the demand curve and above the price line.
1.Before trade the price is Po.CS=A
Answer-A
2.At P=P1,CS=B
Answer-B
Figure 9-11 Price Domestic Supply World Price Domestic Demand Quantity Refer to Figure 9.11. Consumer surplus in...
(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+
Price So 2 Po PwT Pw 5 9 10 4 10 11: 12 13 :14 8 Do Q Q2 0 Q4Qs Quantity The graph above depicts the domestic market for good X. Domestic demand and supply are represented by Do and Sp respectively. The domestic price is Po and the world price is Pw Which area(s) represent consumer surplus? 1-3, Areas 1-7 and 9-14 represent consumer surplus after trade opens up to the world price. O 1-3. Area 8 represents...
Figure 9-22 The following diagram shows the domestic demand and domestic supply in a market. In addition, assume that the world price in this market is $40 per unit. 1 Price Domestic Supply - -- 90 80+ 70+ 60+ Domestic Demand 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 Quantity 27. Refer to Figure 9-22. Suppose the government imposes a tariff of $20 per unit. With trade and a tariff, consumer surplus is a. $75,000 and...
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 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
Figure 9-3. The domestic country is Jamaica. Calculalors $27 Doiestic Supply World Price Domestic Demand 2 0 Quantity of Calculators U150300 400 Refer to Figure 9-3. Producer surplus in Jamaica without trade is $8,700 o $1,500 O $2,250 $375 $2,000
Figure: The Market for Computers Price per computer Domestic supply PA . .. Domestic demand AQQuantity of computers Exports Reference: Ref 10 (Figure: The Market for Computers) Look at the figure The Market for Computers. In the figure, consumer surplus without international trade would be area or areas: a) W + x + y Ob W. O c) W+X. Od r.
Figure 9 Price F D B PI G c - P2 Demand Quantity Q1 02 Refer to Figure 9. Which area represents consumer surplus at a price of P1? a. BDF b. AFG C. ABDG d. ABC Refer to Figure 9. Which area represents consumer surplus at a price of P2? a. BDF b. AFG C. ABDG d. ABC Refer to Figure 9. Which area represents the increase in consumer surplus when the price falls from P1 to P2? a....
Domestic supply wanava World price + tariff World price Domestic demand 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Q Refer to Figure 9-16. The area C+D+E+F represents the decrease in consumer surplus caused by the tariff the decrease in total surplus caused by the tariff the deadweight loss of the tariff minus government revenue raised by the tariff the deadweight loss of the tariff plus government revenue raised by...
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....