The most widely consumed fruit in the United States is the humble banana. Most of the bananas consumed in the United States are imported from Latin America. Ecuador is one of the largest exporters of bananas in the world and is a major supplier of bananas to the United States.
Suppose panel (a) in the following figure shows the market for bananas in the United States while panel (b) shows the market for bananas in Ecuador.

a. Who gains from trade in the United States €“ sellers or buyers?
b. Who gains from trade in Ecuador €“ sellers or buyers?
c. As a whole, does the United States or Ecuador benefit from trade?

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