In Canada, here is the market for Woogets Quantity Demanded- 300 - P Quantity Supplied 2P The world price is 70, and Canadians can buy and sell as much as they want at this price. What is consumer surplus in Canada, f there is completely open trade? Write the answer as a number. For example, if you think the answer is 100,971, write 100971

Economics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter6: The Economics Of Political Action
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Problem 15CQ
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In Canada, here is the market for Woogets
Quantity Demanded 300 - P
Quantity Supplied 2P
The world price is 70, and Canadians can buy and sell as much as they want at this price. What is consumer surplus in Canada, if there is
completely open trade? Write the answer as a number. For example, if you think the answer is 100,971, write 100971
Transcribed Image Text:In Canada, here is the market for Woogets Quantity Demanded 300 - P Quantity Supplied 2P The world price is 70, and Canadians can buy and sell as much as they want at this price. What is consumer surplus in Canada, if there is completely open trade? Write the answer as a number. For example, if you think the answer is 100,971, write 100971
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