When Australia exports a good, the amount of the _______ in Australian consumer surplus is _______
The amount of the _______ in Australian producer surplus.

Question

Quizplus · Accepted Answer

When Australia exports a good, domestic consumers face higher prices, leading to a decrease in consumer surplus. However, producers benefit from higher prices and increased sales, resulting in an increase in producer surplus that is typically larger than the decrease in consumer surplus.

When Australia Exports a Good, the Amount of the _______