The figure above shows the market for shirts in Australia, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt.
-In the figure above, international trade _______ producer surplus in Australia by _______ .
A) increases; $192 million
B) decreases; $320 million
C) increases; $320 million
D) decreases; $192 million
Correct Answer:
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