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3- [30 points] When China's clothing industry expands, the increase in world supply lowers the world price of clothing. a- Draw an appropriate diagram to
3- [30 points] When China's clothing industry expands, the increase in world supply lowers the world price of clothing. a- Draw an appropriate diagram to analyze how this change in price affects consumer surplus, producer surplus, and total surplus in a nation that mostly imports clothing, such as the United States. b- Now draw an appropriate diagram to show how this change in price affects consumer surplus, producer surplus, and total surplus in a nation that exports clothing, such as the Dominican Republic
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