1. PARTIAL EQUILIBRIUM ONE GOOD

2. NO TRADE EQUILIBRIUM PRICE OF BREAD QUANTITY OF BREAD A D PBPB QBQB SdSd DdDd

3. NO TRADE EQUILIBRIUM PRICE OF BREAD QUANTITY OF BREAD A D PBPB QBQB SdSd DdDd Producer Surplus

4. NO TRADE EQUILIBRIUM PRICE OF BREAD QUANTITY OF BREAD A D PBPB QBQB SdSd DdDd Consumer Surplus

5. CONSUMER SURPLUS MEASURES THE WELFARE GAIN THAT CONSUMERS OBTAIN FROM PURCHASING GOODS THAT ARE BELOW THEIR WORTH.

6. PRODUCER SURPLUS MEASURES THE WELFARE GAIN THAT PRODUCERS OBTAIN FROM SELLING GOODS AT PRICES THAT ARE ABOVE THEIR PRODUCTION COST.

7. GAINS FROM TRADE: EXPORTING COUNTRY PRICE OF BREAD QUANTITY OF BREAD A G E QBQB SdSd DdDd F

8. GAINS FROM TRADE: EXPORTING COUNTRY PRICE OF BREAD QUANTITY OF BREAD A G E SdSd DdDd F CBCB QBQB B CD EXPORT PRODUCER SURPLUS BE- FORE TRADE PWPW

9. GAINS FROM TRADE: EXPORTING COUNTRY PRICE OF BREAD QUANTITY OF BREAD A G E SdSd DdDd F CBCB QBQB B CD EXPORT PRODUCER SURPLUS AFTER TRADE PWPW

10. GAINS FROM TRADE: EXPORTING COUNTRY PRICE OF BREAD QUANTITY OF BREAD A G E SdSd DdDd F CBCB QBQB B CD EXPORT PWPW CONSUMER SURPLUS

11. GAINS FROM TRADE: EXPORTING COUNTRY PRICE OF BREAD QUANTITY OF BREAD A G E SdSd DdDd F CBCB QBQB B CD EXPORT PWPW CONSUMER SURPLUS AFTER TRADE

12. GAINS FROM TRADE: IMPORTING COUNTRY PRICE OF WINE QUANTITY OF WINE A G B QBQB SdSd DdDd C

13. GAINS FROM TRADE: IMPORTING COUNTRY PRICE OF WINE QUANTITY OF WINE A G B SdSd DdDd C PWPW FD IMPORT

14. GAINS FROM TRADE: IMPORTING COUNTRY PRICE OF WINE QUANTITY OF WINE A G B SdSd DdDd C PWPW FD IMPORT CONSUMER SURPLUS

15. GAINS FROM TRADE: IMPORTING COUNTRY PRICE OF WINE QUANTITY OF WINE A G B SdSd DdDd C PWPW FD IMPORT

16. GAINS FROM TRADE: IMPORTING COUNTRY PRICE OF WINE QUANTITY OF WINE A G B SdSd DdDd C PWPW FD IMPORT

17. EFFECTIVE SUPPLY AND DEMAND

18. EFFECTIVE SUPPLY AND DEMAND MEASURE THE IMPACT OF DOMESTIC AND WORLD MARKETS ON A COUNTRY

19. EFFECTIVE DEMAND FOR EXPORTING COUNTRY PRICE OF BREAD QUANTITY OF BREAD A G E QBQB SdSd DdDd F P D =P W DeDe

20. EFFECTIVE SUPPLY CURVE: IMPORTING COUNTRY PRICE OF WINE QUANTITY OF WINE A G SdSd DdDd Pd = Pw FD Se

21. EXCESS DEMAND CURVE AUTARKY NO EXCESS DEMAND PRICE OF BREAD QUANTITY OF BREAD A G E QBQB SdSd DdDd F

22. EXCESS DEMAND CURVE ALLOW TRADE TO OCCUR PRICE OF BREAD QUANTITY OF BREAD A G E QPQP SdSd DdDd F QCQC

23. EXCESS DEMAND CURVE ALLOW TRADE TO OCCUR PRICE QUANTITY A G E QPQP SdSd DdDd QCQC PRICE QUANTITY PWPW PWPW QTQT A B C ED

24. EXCESS SUPPLY CURVE AUTARKY NO EXCESS SUPPLY PRICE QUANTITY A G E QBQB SdSd DdDd F

25. EXCESS SUPPLY CURVE ALLOW TRADE TO OCCUR PRICE QUANTITY A G E QPQP SdSd DdDd QCQC PRICE QUANTITY PWPW PWPW QTQT A B C ES

26. EXCESS SUPPLY AND DEMAND CURVE PRICE QUANTITY A D QTQT ES SUM ED SUM C PWPW B