Area G is the initial producer surplus, 2 points Price of Goods Domestic Supply E Price before trade F H Н Price after trade World Price G IMPORTS Domestic Demand 0 Domestic Quantity Supplied Domestic Quantity Demanded Quantity of Goods True O False
Answers & Comments
Area G is the initial producer surplus,
2 points
Price of
Goods
Domestic
Supply
E
Price before trade
F
H Н
Price after trade
World
Price
G
IMPORTS
Domestic
Demand
0
Domestic
Quantity
Supplied
Domestic
Quantity
Demanded
Quantity of
Goods
True
O False