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question 75

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Use the following to answer questions:
Figure: The Domestic Market for Digital Cameras Use the following to answer questions: Figure: The Domestic Market for Digital Cameras   -(Figure: Domestic Market for Digital Cameras)  Look at the figure The Domestic Market for Digital Cameras. Assume that P<sub>A</sub> is the autarky price and P<sub>W</sub> is the world price. Total surplus before international trade is equal to the area: A) A + B + C. B) A + B. C) A + B - D - E. D) A.
-(Figure: Domestic Market for Digital Cameras) Look at the figure The Domestic Market for Digital Cameras. Assume that PA is the autarky price and PW is the world price. Total surplus before international trade is equal to the area:


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