Price of Calculators $27 (a) export 100 calculators (b) import 150 calculators (c) import 250 calculators (d) export 300 calculators 12 7 2 0 150 300 400 Domestic Supply World Price Domestic Demand Quantity of Calculators 19. Refer to the figure above which shows the domestic market for calculators in Haiti. What would Haiti do? 20. Refer to the figure above which shows the domestic market for calculators in Haiti. What is the change in total surplus in Haiti because of trade? (a) $625
Price of Calculators $27 (a) export 100 calculators (b) import 150 calculators (c) import 250 calculators (d) export 300 calculators 12 7 2 0 150 300 400 Domestic Supply World Price Domestic Demand Quantity of Calculators 19. Refer to the figure above which shows the domestic market for calculators in Haiti. What would Haiti do? 20. Refer to the figure above which shows the domestic market for calculators in Haiti. What is the change in total surplus in Haiti because of trade? (a) $625
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help with question 20 and the reasoning on why it is $625
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