The graph below shows the domestic supply and demand and the world price for an exporting country. Price of $100 H shoes in 90 U.S. dollars C B D+B 80 D D Pworld 60 50 40 30 20 10 B A Exporting country supply and demand graph 1 2 3 Schoos Exports 2.5 million Identify the area on the graph that represents the consumer surplus for domestic consumers if the country exports its product. Dshoes 4 5 Millions of pairs of shoos

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The graph below shows the domestic supply and demand and the world price for an exporting
country.
Price of $100
shoes in
90
U.S. dollars
C
B
D + B
80 D
D
Pworld
60
50
40
30
20
10
B
A
K
O
1
Exporting country supply and demand graph
2
3
Schoos
Exports = 2.5 million
Identify the area on the graph that represents the consumer surplus for domestic consumers if the
country exports its product.
Dshoes
4
5
Millions of
pairs of
shoos
Transcribed Image Text:The graph below shows the domestic supply and demand and the world price for an exporting country. Price of $100 shoes in 90 U.S. dollars C B D + B 80 D D Pworld 60 50 40 30 20 10 B A K O 1 Exporting country supply and demand graph 2 3 Schoos Exports = 2.5 million Identify the area on the graph that represents the consumer surplus for domestic consumers if the country exports its product. Dshoes 4 5 Millions of pairs of shoos
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