# Chapter 9Problem 6:The figure below illustrates the market for cycles in a country.IPrice383634DomesticSupply2624222018t16t14t12tWorldprice10DomeeticDemandQuantity600520 560440 480400280 320 36024080 120 160 20040Without trade, cons umer surplus amounts to what amount?a.Without trade, producer surplus amounts to what amount?b.Without trade, total surplus amounts to what amount?c.With trade, the price of tricycles in this country is at what price and what amount?d.With trade, consumer surplus is how much?e.With trade, producer surplus is how much?f.With trade, total surplus is how much?g.

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Step 1

“Hey, since there are multiple subparts  posted, we will answer first three subpart question.

Step 2

a.

Consumer surplus:

Consumer surplus can be calculated as follows:

Step 3

b.

Producer surplus:

Producer surplus can be calculate...

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