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On the following graph, use the green point (triangle symbol) to Shade consumer surplus in the Australia after China 's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus in this case. E?) Market for Clothing in Australia Domestic Supply Domestic Demand '- Consu mei Surplus Producer Surplus New World Price Price of Clothing Quantity of Clothing Overall, V countries benefit from the fall in the world price of clothing, while V countries are harmed by the price change.

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Use the green point (triangle symbol) to shade consumer surplus in the Australia before China '5 Clothing industry expands. Then use the purple point {diamond symbol) to shade producer surplus in this case. 6') Market for Clothing in Australia Domestic Supply Domestic Demand A Consumer Surplus Producer Surplus World Price Price of Clothing Quantity of Clothing

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On the Following graph, use the green point (triangle symbol) to shade consumer surplus in Vietnam after China's Clothing industry expands. Then use the purple point ( diamond symbol) to shade producer surplus in this case. ® Market for Clothing in Vietnam Domestic Demand A Consumer Surplus New World Price Producer Surplus Domestic Supply Price of Clothing Quantity of Clothing Suppose the following graph represents the market of clothing in Australia prior to the expansion of China's clothing industry. Australia is an V of clothing because the world price is V the domestic equilibrium price.

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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 Vietnam prior to the expansion of China's clothing industry. Vietnam is an V of clothing because the world price is V the domestic equilibrium price. Use the green point (triangle symhoi) to shade consumer surplus in Vietnam before China's Clothing industry expands. Then use the purple point {diamond symbol) to shade producer surpius in this case. ® Market for Clothing in Vietnam Domestic Demand A Consumer Surplus Domesfic Suppl).r World Price - Producer Surplus Price of Clothing Quantity of Clothing

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