Figure I The following diagram shows the domestic demand and domestic supply curves in a market. A. Refer to Figure 1. With no trade allowed, what are the equilibrium price and equilibrium quantity in this market? ANSWER: 8. Refer to Figure 1. With no trade allowed, how much are consumer surplus, producer surplus, and total surplus in this market? ANSWER: c. Refer to Figure 1. Suppose the world price in this market is $7. If the country allows free trade, how many units will domestic consumers demand, and how many units will domestic producers produce? ANSWER: D. Refer to Figure 1. Suppose the world price in this market is $7. If the country allows free trade, will the country import or export this good, and how many units will be imported/exported? ANSWER: E. Refer to Figure 1. Suppose the world price in this market is $7. If the country allows free trade, how much are consumer surplus, producer surplus, and total surplus with trade