(d) Suppose Krakozhia is open to trade and the world price is 150. Determine the domestic quantity supplied, domestic quantity demanded, and the quantity exported. (e) Draw a graph showing the domestic supply and demand and world price from (d). Label all axes and curves and mark out intercepts and relevant values. Shade and label areas for the consumer and producer surplus. (f) Calculate the consumer, producer, and total surplus from (d). Who is made better off and who is made worse off by trade?

Calculate the loss in mexico consumer surplus due to the tariff. A) $225 B)$265 C)$285 D)$325  Give me correct answer with calculation and full explanation otherwise i give downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

Price of Baskets $14 10 7 1 $45 $80 $160 40 $210 70 105 Domestic Supply Refer to Figure 9-1. With free trade, what would consumer surplus be? World Price Domestic Demand Quantity of Baskets

Price of Wagons gain by $240 lose by $240 gain by $120 lose by $75 $18.5 8 5 1 0 40 70 90 Domestic Supply World Price Domestic Demand Quantity of Wagons Refer to the figure above. If this country allows free trade in wagons, how much will consumers gain or lose?

Price of Clothing Market for Clothing in Pakistan Domestic Demand Quantity of Clothing Domestic Supply New World Price A Consumer Surplus Producer Surplus ? Suppose the following graph represents the market of clothing in Denmark prior to the expansion of China's clothing industry. Denmark is an exporter of clothing because the world price is above the domestic equilibrium price.

3:55 PM Tue Apr 27 * 40% D ( Notes April 27, 2021 at 3:54 PM When China's supply of clothing increases, the increase in world supply lowers the world price of clothing. -Draw an appropriate diagram to analyze how this change in the world price affects consumer surplus, producer surplus, and total surplus in a nation that imports clothing, such as the US. (1)Label the old and new world prices(2)The change in quantity demanded my customers, and (3) The change in quantity supplied by domestic producers. Make a table that shows consumer surplus, producer surplus, and total surplus at the old world price and New World price.

Q1: Using a domestic-market demand- and supply-curve graph, (a) show the impact of tariff on a small country's import price, domestic demand, domestic supply, import quantity, consumer surplus, producer surplus, government revenue, and total welfare; (b) Is the country unambiguously worse off as a result of the tariff? (c) In the same graph, show how to achieve the same import quantity with an import quota; (d) When would the tariff and the import quota lead to the same amount of welfare change? (e) How would the answers to (a) and (b) change for a large country?

When China's clothing industry expands, the increase in world supply lowers the world price of clothing. Consider the effects this has on both an importer and an exporter of clothing.

1. a) An import tariff will government revenue, and producer surplus, overall domestic national welfare. A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease b) An export subsidy will government revenue, and C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on consumer surplus,, producer surplus, overall domestic national welfare. A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease consumer surplus, C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on c) An import quota will government revenue, and A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease C) increase; decrease; have no…

PRICE (Dollars per tonne) 800 Domestic Demand 750 700 650 600 550 500 450 400 350 300 0 Domestic Supply 40 80 120 160 200 240 280 320 360 400 QUANTITY (Thousands of tonnes of tangerines) No Trade Equilibrium A Consumer Surplus ◇ Producer Surplus Based on the previous graph, total surplus in the absence of international trade is the graph.) $25 million. (Hint: Take note of the units on the axes of The following graph shows the same domestic demand and supply curves for tangerines in Guatemala presented in the previous graph. Suppose that the Guatemalan government changes its international trade policy to allow free trade in tangerines. The horizontal black line (Pw) represents the world price of tangerines at $500 per tonne. Assume that Guatemala's entry into the world market for tangerines has no effect on the world price and that there are no transportation or transaction costs associated with international trade in tangerines. Also assume that domestic suppliers will satisfy domestic…