The accompanying graph depicts the market for sugar in Costa Rica. Suppose the country opens up to trade in the world sugar market and becomes a sugar exporter. a. In the accompanying graph, adjust the price line to depict how trade impacts the market for sugar in Costa Rica. Then shade the area of consumer surplus, with trade, using the CS area. Shade the area of producer surplus, with trade, using the PS area. To shade an area of the graph, double-click the item you wish to identify in the graph. That will bring the item into the graph. Market for Sugar in Costa Rica 30 CS 27 Supply PS 24 21 18 Price Price per Pound ($) 15 12 9 6 Demand 3 0 0 20 40 140 160 180 200 60 80 100 120 Quantity of Sugar (lbs.) b. After trade opens, what price will Costa Ricans pay for a pound of sugar? b. After trade opens, what price will Costa Ricans pay for a pound of sugar? $ c. How much sugar will Costa Rica export after trade is opened? lbs. d. What is the value of the producer surplus after trade is opened? $ e. As a result of trade, consumer surplus - , producer surplus and total surplus


