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Figure 9-9

Question 117

Multiple Choice

Figure 9-9. The figure applies to the nation of Kenya and the good is air conditioners.
Figure 9-9. The figure applies to the nation of Kenya and the good is air conditioners. -Refer to Figure 9-9.The area bounded by the points (Q₀,P₀) ,(Q₂,P₁) ,and (Q₁,P₁) represents A) Kenya's gains from trade. B) the amount by which Kenya's gain in producer surplus exceeds its loss in consumer surplus due to trade. C) Kenya's loss in total surplus due to trade. D) All of the above are correct.
-Refer to Figure 9-9.The area bounded by the points (Q₀,P₀) ,(Q₂,P₁) ,and (Q₁,P₁) represents


A) Kenya's gains from trade.
B) the amount by which Kenya's gain in producer surplus exceeds its loss in consumer surplus due to trade.
C) Kenya's loss in total surplus due to trade.
D) All of the above are correct.

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