The graph shown demonstrates the domestic demand and supply for a good, as well as the world price for that good. If this economy were to go from autarky to free trade, which of the following statements is true?The country will import 160 units.Producers will produce 80 units.Total surplus will be $4,000.

Question

The graph shown demonstrates the domestic demand and supply for a good, as well as the world price for that good.  If this economy were to go from autarky to free trade, which of the following statements is true?The country will import 160 units.Producers will produce 80 units.Total surplus will be $4,000.

Quizplus · Accepted Answer

The Answer of The graph shown demonstrates the domestic demand and supply for a good, as well as the world price for that good.  If this economy were to go from autarky to free trade, which of the following statements is true?The country will import 160 units.Producers will produce 80 units.Total surplus will be $4,000.

The Graph Shown Demonstrates the Domestic Demand and Supply for a Good