Figure: The Market for MP₃ Players
(Figure: The Market for MP₃ Players) Look at the figure The Market for MP₃ Players.In the market for MP₃ players, if the world price equals $100 and there is free trade, consumer surplus
________ and producer surplus compared to autarky.
A.increases; decreases
B.increases; increases
C.decreases; increases
D.decreases; decreases

Question

Quizplus · Accepted Answer

The Answer of Figure: The Market for MP₃ Players
(Figure: The Market for MP₃ Players) Look at the figure The Market for MP₃ Players.In the market for MP₃ players, if the world price equals $100 and there is free trade, consumer surplus
________ and producer surplus compared to autarky.
A.increases; decreases
B.increases; increases
C.decreases; increases
D.decreases; decreases

Figure: the Market for MP₃ Players