Consider the domestic market for Good X in Country A, graphed above. P0=$5, P1=$25, P2=$20, P*=$15, Pw=$10, Q1=40, Q*=80, Q2=120. The world market outside country A observes a price Pw for Good X. What is the total consumer surplus when Country A is in autarky? ("Autarky" refers to the situation where imports and exports are not allowed to occur, i. e. international trade is not allowed.) (Do not include the dollar sign $ in your answer)
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Consider the domestic market for Good X in Country A, graphed above. P0=$5, P1=$25, P2=$20, P*=$15,...
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