How to show effects on consumerproducer surplus by opening, Business Economics

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How to show effects on consumerproducer surplus by opening

How to show effects on consumer/producer surplus by opening up to trade?

Details: Show the effects on consumer surplus, producer surplus, and net social of opening up to trade by a country whose closed economy price is below the world price (and assume that the country’s opening up to trade does not alter the world price).

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Business Economics: How to show effects on consumerproducer surplus by opening

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Business Economics: How to show effects on consumerproducer surplus by opening

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