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

Question 72

Multiple Choice

The graph shown demonstrates the domestic demand and supply for a good, as well as the world price for that good. 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. 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.

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