The graph below shows the effects of restricting trade. Match the right with the left side correctly: PNo Trade P Trade D 3 1 Demand 2 C Consumer surplus with NO TRADE DWL with NO TRADE Producer surplus with NO TRADE Consumer surplus WITH TRADE Qs Producer surplus WITH TRADE 45 A Q Qd [Choose ] [Choose] [Choose] [Choose ] [Choose ] Domestic supply < Domestic supply + imports

The graph below shows the effects of restricting trade. Match the right with the left side correctly: PNo Trade P Trade D 3 1 Demand 2 C Consumer surplus with NO TRADE DWL with NO TRADE Producer surplus with NO TRADE Consumer surplus WITH TRADE Qs Producer surplus WITH TRADE 45 A Q Qd [Choose ] [Choose] [Choose] [Choose ] [Choose ] Domestic supply < Domestic supply + imports

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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