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

Question 108

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,the area ABC represents consumer surplus in an economy with: A) free trade. B) autarky. C) a tariff being imposed on trade. D) None of these is true. According to the graph shown,the area ABC represents consumer surplus in an economy with:


A) free trade.
B) autarky.
C) a tariff being imposed on trade.
D) None of these is true.

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