The following figure shows the demand and supply for a commodity in the domestic U.S.market as well as the global market.The commodity is imported from the rest of the world to the U.S.market.
Figure 10-3 
-Refer to Figure 10-3.The total consumer surplus prior to trade was _____.
Definitions:
Taxable Income
Income subject to tax, after accounting for deductions and exemptions, used to determine how much tax an individual or corporation owes.
Performance Measurement Systems
Tools and methodologies used to assess and monitor the performance of individuals, teams, and organizations against set goals and objectives.
Company's Goals
The objectives set by the management or stakeholders of a company outlining the intended direction and desired outcomes over a certain period.
Operating Income
The profit generated from a company's everyday business operations, excluding income from investments and extraordinary items.
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