[part3-市场和福利ch09-应用：国际贸易.pptVIP

* Trade benefits soybean producers because they can sell at a higher price. Producer surplus rises by the area B + D. Trade makes domestic buyers worse off because they have to pay a higher price. Consumer surplus falls by the area B. The gains to producers are greater than the losses to consumers, so trade increases total welfare: total surplus rises by the amount D. * This and the following slide cover the same material in Active Learning Exercise 1. I provide these slides in case you wish to lecture on this material instead of having students work the exercise. To do this, sim