Use the following to answer questions :
Figure: The Market for Laptop Sleeves 
-(Figure: The Market for Laptop Sleeves) Look at the figure The Market for Laptop Sleeves. Assume that S and D are the domestic supply and demand curves and the world price is PW. Identify the area of consumer surplus when a tariff raises the domestic price from the world price to PT.
Definitions:
One-Column Purchases Journal
A simplified accounting ledger that records only the purchases of goods and services in a single column, typically for small businesses or specific types of transactions.
General Ledger
The primary accounting record of a company that contains all the account balances needed to prepare financial statements.
Accounts Payable
Liabilities owed by a business to its suppliers or vendors for goods and services received but not yet paid for.
General Ledger
A comprehensive set of accounts that records all financial transactions of a business, organized by account.
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