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QUESTION 1 55 so 55 50 45 4o 35 30 25 20 15 10 O 2 4 6 B 10 12 14 16 18 20

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QUESTION 1 55 so 55 50 45 4o 35 30 25 20 15 10 O 2 4 6 B 10 12 14 16 18 20 22 24 26 23 30 32 34 36 Consider the graph above showing domestic supply and demand for picture frames in a country. The world price of picture frames is $25. If this country is a closed economy, what is consumer surplus in this market? Do notinciude o 5 sign in your

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