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Q1 - International Trade Price $42 U.S. Supply 24 .................................................... World price 18 . ; . 5 U.S. Demand 7' . . '. 0 1O

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Q1 - International Trade Price $42 U.S. Supply 24 .................................................... World price 18 . ; . 5 U.S. Demand 7' . . '. 0 1O 15 20 Quantity oi leather footwear Figure 1 shows the U.S. demand and supply for leather footwear. Figure 1 shows the U.S. demand and supply for leather footwear. a. Under autarky, the consumer surplus is? b. The producer surplus? c. Deadweight loss? d. If the government allows imports, the market price will be? e. (1d = ? f. (ls (domestic) = 3. Imports? h. Domestic Producer Surplus? i. Consumer surplus

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