When China's clothing industry expands, the increase in world supply lowers the world price of clothing. Consider the effects this has on both an importer and an exporter of clothing.

Suppose the following graph represents the market for clothing in Pakistan prior to the expansion of China's clothing industry. Pakistan is anA. EXPORTER or B. IMPORTERof clothing because the world price isA. Above or B. Below the domestic equilibrium price.

Note: You will have to use green points (triangle symbol) and purple points (diamond symbol) to shade the consumer and producer surplus areas on the following graphs. There are two green points and two purple points per graph. Use either one point of both to most accurately indicate the areas. For example, if indicating the consumer surplus requires only one green point, leave the second one on the palette.

Suppose the following graph represents the market of clothing in Denmark prior to the expansion of China's clothing industry. Denmark is anA. Exporter or B. Importer of clothing because the world price isA. Above or Belowthe domestic equilibrium price.

Overall, A. importing, B. exporting, C. importing and exporting, D. neither importing nor exportingcountries benefit from the fall in the world price of clothing, while

Use the green point (triangle symbol) to shade consumer surplus in Pakistan before China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus. 6') Market for Clothing in Pakistan Domestic Demand A Consumer Surplus Domestic Supply World Price - Producer Surplus Price of Clothing Quantity of Clothing 0n the following graph, use the green point (triangle symbol) to shade consumer surplus in Pakistan after China 's clothing industry expands. Then use the purple point ( diamond symbol) to shade producer surplus. 0n the following graph, use the green point (triangle symbol) to shade consumer surplus in Pakistan after China 's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus. Market for Clothing in Pakistan Domestic Demand A Consumer Surplus New World Price Producer Surplus Domestic Supply Price 01 Clothing Quantity of Clothing Use the green point (triangle symbol) to shade consumer surplus in the Denmark before China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus. Market for Clothing in Denmark Domestic Supply Domestic Demand A Consumer Surplus Producer Surplus World Price Price of Clothing Quantity of Clothing On the following graph, use the green point (triangle symbol) to shade consumer surplus in the Denmark after China's clothing industry expands. The use the purple point (diamond symbol) to shade producer surplus.0n the following graph, use the green point (triangle symbol) to shade consumer surplus in the Denmark alter China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus. Market for Clothing in Denmark Domestic Supply A Domestic Demand Consumer Surplus 3 Producer Surplus .: 0 "6 0 E New World Price :3. Quantity of Clothing Overall, 7 countries benefit from the fall in the world price of clothing, while v countries are harmed by the price change