find out the International supply, domestic demand, domestic supply, Consumer surplus, Producer surplus.
Suppose we have a competitive market for a good with domestic demand and supply given by:
P = 310 - .05QD
P = 30 + .03QS
International supply is given by a constant competitive price of P1 = $90.
Compute the customer surplus from parts a and b. Are consumers better or worse off as a result of international trade? describe why.