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 open to trade, consumers would:
A) enjoy a net gain of the surplus in areas D + E + F + G.
B) suffer a net loss of the surplus in areas D + E + F + G.
C) lose the surplus in areas D + E + F + G to producers.
D) lose the surplus in areas F + G to deadweight loss.
Correct Answer:
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