15. What is the welfare gain to consumers (increase in consumer's surplus) resulting from trade in country 2? a) $3 b) $27 c) $31.5 d) $40.5 e) 45
15. What is the welfare gain to consumers (increase in consumer's surplus) resulting from trade in country 2? a) $3 b) $27 c) $31.5 d) $40.5 e) 45
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
15. What is the welfare gain to consumers (increase in consumer's surplus ) resulting from trade in country 2?
a) $3
b) $27
c) $31.5
d) $40.5
e) 45
![COUNTRY 1
INTERNATIONAL MARKET
COUNTRY 2
25
25
25
S2
20
20
20
s2
15
15
S1
15
s1
10
IP
10
FIP
10
EIP
D2
d2
d1
D1
0 3 6 9 1215182124
0 3 6 9 1215182124 o
0 3 6 9 1215182124 Q
LO
P.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd0393f15-9dc9-441e-88d6-975972b89a67%2F5c06b371-7d37-4370-be8d-df8a83d98d8e%2F3kr3s4r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:COUNTRY 1
INTERNATIONAL MARKET
COUNTRY 2
25
25
25
S2
20
20
20
s2
15
15
S1
15
s1
10
IP
10
FIP
10
EIP
D2
d2
d1
D1
0 3 6 9 1215182124
0 3 6 9 1215182124 o
0 3 6 9 1215182124 Q
LO
P.
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