Question 5 2.5 pts We'll keep discussing this graph: Price 200 Domestic supply 120 A Tariff B 100 C D E 65 F World price
Question 5 2.5 pts We'll keep discussing this graph: Price 200 Domestic supply 120 A Tariff B 100 C D E 65 F World price G 40 Domestic demand 72.5 120 160 200 270 Quantity Now let's move on to the next step, where the nation begins to trade with others. Initially, it's in free trade, at the world price of $65. Carefully following numeric instructions, calculate consumer surplus in free trade
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