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For the next several questions, please consider the following graph (which is not at all to scale) of Economy G: Price 200 Domestic supply 120
For the next several questions, please consider the following graph (which is not at all to scale) of Economy G: Price 200 Domestic supply 120 A Tariff B 100 C D E F 65 World price G 40 Domestic demand 72.5 120 160 200 270 Quantity Initially, the economy does not trade, and is in equilibrium at P = $120 and Q = 160 units. Carefully following numeric instructions, calculate total (market) surplus for this nation in autarky (no trade). Note: The numbers on questions related to this graph may not seem realistic. Don't be concerned if your answer has a decimal attached--we'll assume output can be divided into smaller increments
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