When a country allows trade and becomes an importer of a good,which of the following would NOT be the case

Question

Quizplus · Accepted Answer

If a country becomes an importer of a good, the price paid by domestic consumers of the good decreases, while the price received by domestic producers of the good decreases. However, the gains of domestic consumers exceed the losses of domestic producers, as consumers benefit from the lower prices and increased availability of the imported good. Therefore, only option B - "The losses of domestic producers exceed the gains of domestic consumers" - would not be the case.

When a Country Allows Trade and Becomes an Importer of a Good,which