Refer to the figure below to answer the following questions. Figure 7.2.2
The figure shows the market for helicopters in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $36 million per helicopter.
-In Figure 7.2.2,if the economy moves from no trade to international trade,producer surplus in Canada ________ by ________.
A)decreases;$2.88 billion
B)decreases;$1.92 billion
C)increases;$4.8 billion
D)increases;$3.6 billion
E)decreases;$4.8 billion

Question

Refer to the figure below to answer the following questions.  Figure 7.2.2
The figure shows the market for helicopters in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $36 million per helicopter.
-In Figure 7.2.2,if the economy moves from no trade to international trade,producer surplus in Canada ________ by ________.
A)decreases;$2.88 billion 
B)decreases;$1.92 billion 
C)increases;$4.8 billion 
D)increases;$3.6 billion 
E)decreases;$4.8 billion

Quizplus · Accepted Answer

The Answer of Refer to the figure below to answer the following questions.  Figure 7.2.2
The figure shows the market for helicopters in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $36 million per helicopter.
-In Figure 7.2.2,if the economy moves from no trade to international trade,producer surplus in Canada ________ by ________.
A)decreases;$2.88 billion 
B)decreases;$1.92 billion 
C)increases;$4.8 billion 
D)increases;$3.6 billion 
E)decreases;$4.8 billion

Refer to the Figure Below to Answer the Following Questions