A. In the Embargoing Countries B. International Trade Price of Price of embargoed goods embargoed goods Sn = Export supply to Iran from nonembargoing countries P - E Domestic b supply C Po Pot Sn+ Se = World export supply to Iran from embargoing and Domestic nonembargoing countries demand Dm = Iran's import demand 0 Quantity 0 Qo Quantity Moving from free trade (F) to an embargo (E) means Embargoing countries lose a Iran loses b+c Other countries gain b World as a whole loses a+c