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This Graph Demonstrates the Domestic Demand and Supply for a Good,as

Question 103

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. According to the graph shown,if the economy were operating under autarky,then moved to free trade,the overall impact on surplus would be: A) a net gain of FGIJKL. B) a net loss of FGIJKL. C) a net gain of FGJK. D) a net loss of FGJK.
According to the graph shown,if the economy were operating under autarky,then moved to free trade,the overall impact on surplus would be:


A) a net gain of FGIJKL.
B) a net loss of FGIJKL.
C) a net gain of FGJK.
D) a net loss of FGJK.

Correct Answer:

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