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