Use the following to answer question: 
-(Figure: The Market for iPhones) Use Figure: The Market for iPhones.Assume that PA is the autarky price,PW is the world price,and D and S represent domestic demand and supply,respectively.Consumer surplus in free trade equals the area:
Definitions:
P(A|B)
Represents the probability of event A occurring given that event B has occurred.
Independent Events
Two or more events where the outcome of one event does not affect the outcome of another.
P(A and B)
The probability of both event A and event B occurring in a joint probability distribution.
Independent Events
Events whose occurrence or outcome does not influence the occurrence or outcome of another event.
Q36: Recessions are periods when:<br>A) output rises.<br>B) the
Q41: (Table: The Market for Taxi Rides) Use
Q61: Government economists have adopted the _ method
Q101: (Figure: Shifts in Demand and Supply IV)
Q108: Value added in national income accounts refers
Q129: GDP is the total dollar value of
Q146: If the _ differ(s) between two countries,
Q184: (Figure: The Production Possibilities for Two Countries)
Q187: The amount that consumers are willing to
Q204: (Figure 7-1: Circular-Flow Model) Use Figure 7-1: