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Export Embargoes Induce Greater Losses in Consumer Surplus for the Target

Question 35

Multiple Choice
Export embargoes induce greater losses in consumer surplus for the target country:

Export embargoes induce greater losses in consumer surplus for the target country:


A) The lesser its initial dependence on foreign produced goods
B) The more elastic the target country's demand schedule
C) The greater the available output from alternative suppliers
D) The more inelastic the target country's supply schedule

Correct Answer:

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