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-The Above Figure Shows the Market for Rice in Japan

Question 21

Multiple Choice

-The above figure shows the market for rice in Japan. S₂ represents the domestic supply curve, and S<sub>1</sub> represents the world supply curve. If imported rice is banned, the loss in social welfare is A) a + b + c + d + e. B) a. C) c + e. D) i.
-The above figure shows the market for rice in Japan. S₂ represents the domestic supply curve, and S1 represents the world supply curve. If imported rice is banned, the loss in social welfare is


A) a + b + c + d + e.
B) a.
C) c + e.
D) i.

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