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Consider the gure below that shows domestic supply and demand for coffee in the United States without trade, and then answer the following questions. 9.09
Consider the gure below that shows domestic supply and demand for coffee in the United States without trade, and then answer the following questions. 9.09 Instructions: Enter your answers as whole numbers. points a. Without trade. the equilibrium price is $- and the equi um quantity is thousand tons of coffee. A b. Suppose that trade occurs and the world price falls to $200. Use the graph below to illustrate this situation. eElouk Instructions: Use the tool provided \"supply. to indicate the quantity of coffee that will be supplied domestically. Then use the tool ii provided \"Demand to indicate the quantity of coffee that will he demanded domestically. \"mm\" Domestic Market for Coffee ELpL-Iy 03m 1m. O 50 100 150 200 250 300 350 400 Quantity of coffee (thousands oftons) c. The quantity 0' imports will be thousand tons at coffee. 0. Producer surplus 0 falls by $15,000. 0 rises by $20,000. 0 falls by $20,000. rises by $15,000. e. Consumersurplus falls by $15,000. 0 falls by $25,000. 0 rises by $25,000. 0 rises by $15,000
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