Use the figure below to answer the following questions. 
Figure 5.2.3
-Refer to Figure 5.2.3.If the price is P0,what area on the graph indicates consumer surplus?
Definitions:
Domestic Producers
Companies or individuals that manufacture or produce goods and services within their home country, as opposed to importing them from abroad.
Tariffs and Quotas
These are trade policies where tariffs are taxes on imported goods, and quotas are limits on the amount of a good that can be imported.
Import Substitution
An economic policy aimed at replacing foreign imports with domestic production to promote local industries.
Foreign Competition
Competition that domestic companies face from companies located in other countries, influencing markets, pricing, and innovation.
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