... an exporter of a good, domesticproducers of the good are better off, and domestic consumers of the good areworse off.Price of SteelPricebefore tradePriceafter trade0Quantity of SteelDomesticquantitydemandedDomesticquantitysuppliedDomesticsupplyWorldpriceDomesticdemandExportsFigure ... a profit. As a result, they laid off their workers and shut down their fac-tories. Today, much of the textiles and clothing that Americans consume are im-ported from abroad.The story of the ... surplus, which are shown in Figure 9-3 and summarized in Table 9-1 . Be-fore trade is allowed, the price of steel adjusts to balance domestic supply and do-mestic demand. Consumer surplus, the...