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

Question 66

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as the world price for that good. This graph demonstrates the domestic demand and supply for a good,as well as the world price for that good.   According to the graph shown,if this economy were to open to trade,domestic producers would: A)  transfer surplus in area DE to consumers. B)  transfer surplus in area DE to foreign producers. C)  lose surplus in area FG to deadweight loss. D)  lose surplus in area FG to foreign producers. According to the graph shown,if this economy were to open to trade,domestic producers would:


A) transfer surplus in area DE to consumers.
B) transfer surplus in area DE to foreign producers.
C) lose surplus in area FG to deadweight loss.
D) lose surplus in area FG to foreign producers.

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