On the following graph, use the green point (triangle...

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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 Cambodia prior to the expansion of China's clothing industry. Cambodia is an v of clothing because the world price is V the domestic equilibrium price. ill have to use green points (triangle symbol) and purple points (diamond symbol) to shade the consumer and producer surplus areas on , graphs. There are two green points and two purple points per graph. Use either one point of both to most accurately indicate the areas. Use the green point (triangle symbol) to shade consumer surplus in Cambodia before China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus.

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6. Imports and Exports 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 Cambodia prior to the expansion of China's clothing industry. Cambodia is an 'V' of clothing because the world price is V the domestic equilibrium price. Note: You will have to use green points (triangle sym purple points (diamond symbol) to shade the consumer and producer surplus areas or the following graphs. There are two green points and e points per graph. Use either one point of both to most accurately indicate the areas. For example, if indicating the consumer surplus requi - une green point, leave the second one on the palette. Use the green point (triangle symbol) to shade consumer surplus in Cambodia before China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus.

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Price of Clothing Market for Clothing in Cambodia Domestic Demand Domestic Supply World Price Quantity of Clothing Consumer Surplus Producer Surplus

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On the following graph, use the green point (triangle symbol) to shade consumer surplus in Cambodia after China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus.

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Market for Clothing in Cambodia Domestic Demand 4 Domestic Supply Consumer Surplus New World Price Producer Surplus Price of Clothing Quantity of Clothing

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Suppose the following graph represents the market of clothing in Denmark prior to the expansion of China's clothing industry. Denmark is an of clothing because the world price is the domestic equilibrium price. below Use the green point (triangle symbol) to shade consul us in the Denmark before China's clothing industry expands. Then use the purple point above (diamond symbol) to shade producer surplus.

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Suppose the following graph represents the market of clothing in Denmark prior to the expansion of China's clothing industry. Denmark is an "7 of clothing because the world price is V the domestic equilibrium price. n point (triangle symbol) to shade consumer surplus in the Denmark before China's clothing industry expands. Then use the purple point importer mbol) to shade producer surplus.

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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.

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Market for Clothing in Denmark 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 the Denmark after China's clothing industry expands. Then use the purple point (diamond symbol) to shade producer surplus

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Price of Clothing Market for Clothing in Denmark Domestic Supply Domestic Demand New World Price Quantity of Clothing A Consumer Surplus Producer Surplus

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are not affected by benefit from are harmed by Overall, exporting countries the fall in the world price of clothing, and importing countries the price change.

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are not affected by are harmed by Quantity of Clothing benefit from Overall, exporting countries V the fall in the world price of clothing, and importing countries the price change.

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