(Figure: Market for Engines) Suppose that the world price of engines is $1,000. According to the figure, the domestic total surplus will _____ by _____ in the free-trade equilibrium relative to the no international trade equilibrium.

Question

(Figure: Market for Engines) Suppose that the world price of engines is $1,000. According to the figure, the domestic total surplus will _____ by _____ in the free-trade equilibrium relative to the no international trade equilibrium.
(Figure: Market for Engines) Suppose that the world price of engines is $1,000. According to the figure, the domestic total surplus will _____ by _____ in the free-trade equilibrium relative to the no international trade equilibrium. A) increases; $120,000 B) increases; $240,000 C) decreases; $120,000 D) decreases; $240,000

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The Answer of (Figure: Market for Engines) Suppose that the world price of engines is $1,000. According to the figure, the domestic total surplus will _____ by _____ in the free-trade equilibrium relative to the no international trade equilibrium.

(Figure: Market for Engines) Suppose That the World Price of Engines