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Figure 9-17 -Refer to Figure 9-17.When the Country Moves from No Trade

Question 278

Multiple Choice

Figure 9-17 Figure 9-17 -Refer to Figure 9-17.When the country moves from no trade to free trade,consumer surplus A) increases by $300 and producer surplus increases by $150. B) increases by $300 and producer surplus decreases by $150. C) decreases by $300 and producer surplus increases by $150. D) decreases by $300 and producer surplus decreases by $150.
-Refer to Figure 9-17.When the country moves from no trade to free trade,consumer surplus

A) increases by $300 and producer surplus increases by $150.
B) increases by $300 and producer surplus decreases by $150.
C) decreases by $300 and producer surplus increases by $150.
D) decreases by $300 and producer surplus decreases by $150.

Correct Answer: