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

Question 71

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,consumers would: A) enjoy a net gain to surplus of DEFG. B) suffer a net loss to surplus of DEFG. C) suffer a transfer of surplus to the producer of DEFG. D) experience deadweight loss of FG. According to the graph shown,if this economy were to open to trade,consumers would:


A) enjoy a net gain to surplus of DEFG.
B) suffer a net loss to surplus of DEFG.
C) suffer a transfer of surplus to the producer of DEFG.
D) experience deadweight loss of FG.

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