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Figure 1 Price of CalculaLors $27 Domestic Supply Quantily o Calculators I Refer to Figure 1 and answer the following questions: A. If the domestic
Figure 1 Price of CalculaLors $27 Domestic Supply Quantily o Calculators I Refer to Figure 1 and answer the following questions: A. If the domestic price = 512. Use the labels (ABCD) to indicate the total Consumer Surplus and Producer Surplus at this price. C5 = P5 = B. After the country begins to trade the price of Calculators falls to $7. Determine what happens to CS and PS after trade using labels (ABCD). CS= PS= C. Who gains from trade? Who loses? D. How many calculators does the country import with trade
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