Complete the following microecnomics question:

the table below includes the supply and demand of t-shirts in a hypothetical country

P Qs Qd

20 1100 0

18 900 100

16 700 300

14 500 500

12 300 700

10 100 900

8 0 1100

The international price is $16

With international trade, will the country import or export t-shirts?

calculate the following, showing work:

1. consumer suplus with no trade

2. producer surplus with no trade

3. total surplus with no trade

4. consumer surplus with trade

5. producer surplus with trade

6. total surplus with trade

with trade consumers _______, producers ___________, and overall there is a net _________