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

Question 64

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 BC to consumers. B)  transfer surplus in area BCD to foreign producers. C)  lose surplus in area BCD to foreign consumers. D)  receive additional surplus of BCD. According to the graph shown,if this economy were to open to trade,domestic producers would:


A) transfer surplus in area BC to consumers.
B) transfer surplus in area BCD to foreign producers.
C) lose surplus in area BCD to foreign consumers.
D) receive additional surplus of BCD.

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