H23TradeBarriers - Trade 88 market for a good produced...

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1 PS CS no trade - price where Q D = Q S in domestic market Trade Trade market for a good produced domestically and abroad domestic demand Quantity Price (per unit) D DOMESTIC domestic supply S DOMESTIC P NT Q NT 88 no trade - price where Q D = Q S in domestic market consumption increases, domestic production decreases CS Trade Trade Quantity Price (per unit) D DOMESTIC S DOMESTIC P NT Q NT trade - world price where Q D = Q S in world market consumers and firms price-takers World P FT Price imports (exports) determined by difference between domestic demand and supply Q D Q S Imports gain in CS loss in domestic PS domestic total surplus increases PS 88 no trade - price where Q D = Q S in domestic market CS Trade Quantity Price (per unit) D DOMESTIC S DOMESTIC P NT Q NT trade - world price where Q D = Q S in world market consumers and firms price-takers World P FT Price imports (exports) determined by difference between domestic demand and supply PS 88
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H23TradeBarriers - Trade 88 market for a good produced...

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