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Figure 9-2. the Domestic Country Is China

Question 73

Multiple Choice

Figure 9-2. The domestic country is China.
Figure 9-2. The domestic country is China.    -Refer to Figure 9-2.Relative to a no-trade situation,which of the following comes with trade? A) Consumer surplus increases by $1,800 and producer surplus increases by $1,600. B) Consumer surplus decreases by $1,000 and producer surplus increases by $1,500. C) Consumer surplus decreases by $1,000 and producer surplus increases by $1,750. D) Total surplus increases by $400.
-Refer to Figure 9-2.Relative to a no-trade situation,which of the following comes with trade?


A) Consumer surplus increases by $1,800 and producer surplus increases by $1,600.
B) Consumer surplus decreases by $1,000 and producer surplus increases by $1,500.
C) Consumer surplus decreases by $1,000 and producer surplus increases by $1,750.
D) Total surplus increases by $400.

Correct Answer:

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