「每日一練ALevel Economy」
今日知識點:Analysis of trade
例題

Without trade, PD = $3000, Q = 400; in world markets, PW = $1500
Under free trade, how many TVs will the country import or export?
Identify consumer surplus, producer surplus, and total surplus without trade, and with trade.
解析

Under free trade,
imports = 400

Without trade,
CS = A
PS = B + C
Total surplus = A + B + C
With trade,
CS = A + B + D
PS = C
Total surplus = A + B + C + D
下面我們為大家準備了一道同類型的題目,請大家一起來試試解答。
Your turn
Question: Tariff on Cotton Shirts
PW = $20
Tariff:? T = $10/shirt
Under free trade, how many cotton shirts will the country import or export?
Identify consumer surplus, producer surplus, and total surplus without trade, and with trade.
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Correct Answer:
Consumers must pay $30 for an imported shirt. So, domestic producers can charge $30 per shirt.
In general, the price facing domestic buyers & sellers equals (PW + T).



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