Attempts Keep the Highest / 7 6. Imports and Exports When China's clothing industry expands, the increase in world supply lowers the world price of clothing. Consider the effects this has on both an importer and an exporter of clothing. Suppose the following graph represents the market for clothing in Pakistan prior to the expansion of China's clothing industry. Pakistan is an of clothing because the world price is the domestic equilibrium price. Note: You will have to use green points (triangle symbol) and purple points (diamond symbol) to shade the consumer and producer surplus areas on the following graphs. There are two green points and two purple points per graph. Use either one point of both to most accurately indicate the areas. For example, if indicating the consumer surplus requires only one green point, leave the second one on the palette. Use the green point (triangle symbol) to shade consumer surplus in Pakistan before China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus.Use the green point (triangle symbol) to shade consumer surplus in Pakistan before China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus. Market for Clothing in Pakistan Domestic Demand A Consumer Surplus Domestic Supply World Price Producer Surplus Price of Clothing Quantity of ClothingOn the following graph, use the green point (triangle symbol} to shade consumer surplus in Pakistan after China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus. (E) Market tor Clothing in Pakistan Domestic Demand A Consumer Surplus New World Price Producer Surplus Domestic Supply Price of Clothing Quantity of Clothing Suppose the following graph represents the market of clothing in Australia prior to the expansion of China's clothing industry. Australia is an 7 of clothing because the world price is V the domestic equilibrium price. Suppose the following graph represents the market of clothing in Australia prior to the expansion of China's clothing industry. Australia is an of clothing because the world price is the domestic equilibrium price. importer en point (triangle symbol) to shade consumer surplus in the Australia before China's clothing industry expands. Then use the purple point exporter mbol) to shade producer surplus.Suppose the following graph represents the market of clothing in Australia prior to the expansion of China's clothing industry. Australia is an of clothing because the world price is the domestic equilibrium price. above Use the green point (triangle symbol) to shade consul us in the Australia before China's clothing industry expands. Then use the purple point below (diamond symbol) to shade producer surplus.Market for Clothing in Australia Domestic Supply Domestic Demand A Consumer Surplus Producer Surplus World Price Price of Clothing Quantity of ClothingOn the following graph, use the green point (triangle symbol) to shade consumer surplus in the Australia after China's clothing industry expands. Then use the purple point ( diamond symbol) to shade producer surplus. Market for Clothing in Australia Domestic Supply Domestic Demand A Consumer Surplus Producer Surplus Price of Clothing New World Price Quantity of Clothing Overall, exporting countries the fall in the world price of clothing, and importing countries the price change.benefit from are harmed by are not affected by Overall, exporting countries the fall in the world price of clothing, and importing countries the price change.are harmed by are not affected by Quantity of Clothing benefit from Overall, exporting countries the fall in the world price of clothing, and importing countries the price change