The Case for Free Trade Figure 9-1: The Efficiency Case for Free Trade Price, P Production Consumption distortion W distortion orld price plus tariff World price Quantity, Q Copyright C 2003 Pearson Education, Inc Slide 9-6Copyright © 2003 Pearson Education, Inc. Slide 9-6 World price plus tariff World price Price, P Quantity, Q S D Consumption distortion Production distortion Figure 9-1: The Efficiency Case for Free Trade The Case for Free Trade