Using the Graph Below, Answer the Following Questions About Dark $$\text { R22 }$$

question 3

Essay

Using the graph below, answer the following questions about dark chocolate slabs.
$$\text { R22 }$$
a. What is the equilibrium price of slabs before trade?
b. What is the equilibrium quantity of slabs before trade?
c. What is the price of slabs after trade is allowed?
d. What is the quantity of slabs imported after trade is allowed?
e. What is the amount of consumer surplus before trade?
f. What is the amount of consumer surplus after trade?
g. What is the amount of producer surplus before trade?
h. What is the amount of producer surplus after trade?
i. What is the amount of total surplus before trade?
j. What is the amount of total surplus after trade?
k. What is the change in total surplus because of trade?

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Definitions:

Tones Of Disapproval

Audible expressions or variations in vocal tone that signifies disapproval towards someone's actions or statements.

Word Boundary

The delimiter in spoken or written language that separates words within a sentence, crucial for understanding speech and reading.

Phonemes

The basic units of sound in a language that distinguish one word from another.

Garden Path Sentences

Sentences designed to mislead the reader's initial interpretation, necessitating a reanalysis to grasp the intended meaning.