Homework answers / question archive / Given the Supply and Demand curves below for earbuds, how much surplus can be gained by opening up to trade with a world price of $100

Given the Supply and Demand curves below for earbuds, how much surplus can be gained by opening up to trade with a world price of $100

Economics

Share With

Given the Supply and Demand curves below for earbuds, how much surplus can be gained by opening up to trade with a world price of $100. Supply: P= 200+ 2Q. Demand: P= 500 - Q. Gains from trade = $ How much of that gains from trade would be lost if we the country imposed a $50 tariff on earbuds? Deadweight Loss = $