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, which amount of surplus would be transferred and to who?
A) Areas B + C would be transferred to the consumer.
B) Areas B + C + D would be transferred to the producer.
C) Areas B + C + D would be transferred to the consumer.
D) Areas B + C would be transferred to the producer.
Correct Answer:
Verified
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