On the following graph, use the green point (triangle symbol) to shade consumer surplus in Cambodia after China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus. Overall, (NEITHER IMPORT OR EXPORT, EXPORT, IMPORT OR IMPORT & EXPORT) countries benefit from the fall in the world price of clothing, while (NEITHER IMPORT OR EXPORT, EXPORT, IMPORT OR IMPORT & EXPORT) countries are harmed by the price change.

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On the following graph, use the green point (triangle symbol) to shade consumer surplus in Cambodia after China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus.

 

Overall,   (NEITHER IMPORT OR EXPORT, EXPORT, IMPORT  OR IMPORT & EXPORT) countries benefit from the fall in the world price of clothing, while (NEITHER IMPORT OR EXPORT, EXPORT, IMPORT  OR IMPORT & EXPORT)   countries are harmed by the price change.

Market for Clothing in Cambodia
Domestic Demand
Consumer Surplus
Domestic Supply
New World Price Producer Surplus
Quantity of Clothing
Price of Clothing
Transcribed Image Text:Market for Clothing in Cambodia Domestic Demand Consumer Surplus Domestic Supply New World Price Producer Surplus Quantity of Clothing Price of Clothing
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