ECONOMICS QUESTIONS

Homework. Homework 4 Score: 0 of 1 pt 8 of 28 (4 complete) HW Score: 10.71%, 3 of 28 pts 7.2 Test B 2 Question Help The graph shows the U.S. demand for potash and the U.S. supply of potash 130 Price (dollars per ton) The world price of potash is $50 a ton. 120- What is the total surplus in the United States from potash when the United States 110 does not trade internationally and when it does trade internationally? 100 When the United States does not trade internationally, total surplus in the United SUS States from potash is $ million. 70- 65 60 - D World price 40- C 30 - 20- Pus 10- 6 8 Quantity (millions of tons per year) inter your answer in the answer box and then click Check Answer part remaining