Use the following to answer questions :
Figure: The Market for MP3 Players 
-(Figure: The Market for MP3 Players) Look at the figure The Market for MP3 Players. Assume that Sd represents the domestic supply curve and Dd represents the domestic demand curve. If the world price equals $100 and there is free trade, what is the gain in consumer surplus?
Definitions:
Predictive
Pertaining to the use of statistical analysis and modeling to make forecasts or predictions about future events.
Simulation
A method for implementing a model over time to analyze and record the consequences of sequential interactions.
Predictive Analytics
The set of analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another.
Probability Models
Mathematical representations that describe real-world processes or phenomena in terms of probability.
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