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Author Question: The Gains and Losses to an Importing CountryThe graph shows the market for Swiss chocolates in New ... (Read 33 times)

am7272

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The Gains and Losses to an Importing Country

The graph shows the market for Swiss chocolates in New Zealand.
 

Assume that P1=$0.25, P2=$4.25, P3=$9.50, P4=$13.00, Q1=25, Q2=200, and Q3=285. With international trade, what is consumer surplus? What is producer surplus? New Zealand ________ (imports/exports) ________ Swiss chocolates. Please round your answer to two decimal places.
◦ $350.00, $925.00, imports, 175
◦ $1246.88, $50.00, imports, 260
◦ $350.00, $925.00, exports, 175
◦ $1246.88, $50.00, exports, $260


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Marked as best answer by am7272 on Nov 23, 2022

ealonif

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am7272

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review


covalentbond

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Reply 3 on: Yesterday
:D TYSM

 

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