Homework (Ch 09) absence of international trade. Then use the green triangle (triangle symbol) to shade the area representing consumer surplus in equilibrium. Finally, use the purple triangle (diamond Symbol) to shade the area representing producer surplus in equilibrium > Domestic Demand Domestic Supply Equilibrio without Trade Consumer Surplus Irlalu PRICE as per # # # Producer Surplus 20 09 15 10 20 QUANTITY of years) Based on the previous graph, total surplus in the absence of international trade is Homework (Ch 09) Based on the previous graph total surplus in the absence of international trade is The following graph shows the same domestic demand and supply curves for soybeans in Honduras. Suppose that the Honduran government changes international trade policy to allow free trade in soybeans. The horizontal black line (P) represents the world price of soybeans at $350 per ton. Assume that Honduras's entry into the world market for soybeans has no effect on the world price and there are no transportation or transaction costs associated with international trade in soybeans. Also assume that domestic suppliers will satisfy domestic demand as much as possible before any caporting or importing takes place use the strange triangle symbol to shade consumer surplus, and then se po pupa rangle (diamond simbol) to shade producer surplus Du Demand Domestic Supply Consumer Surplus Producer Surplus PRICE Dollars per F Homework (Ch 09) . QUANTITY(tomowy When Honduras streets of bean, the price of a ton of soybeans in Honduras will be $350. At this price Tons of Dans will be made in Honduras, and tone will be supplied w domestic suppliers. Therefore, Honduras will export toner soybean thing the information from the previous tasks, complete the following able to anyon the welfare effect of allowing free trade Without Free Trade (Dollars) with Free Trade (Dollars) Consumer Surplus Producer Surplus When Honduras low free trade, the country's consumer surplus by and producer surplus ~ bra So, the net effect of international trade on Honduras's total surplus of Grade It Now Save & Continue Continue without saving