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Figure 9-1 The Figure Illustrates the Market for Coffee in Guatemala

Question 27

Multiple Choice

Figure 9-1
The figure illustrates the market for coffee in Guatemala. Figure 9-1 The figure illustrates the market for coffee in Guatemala.   -Refer to Figure 9-1.Relative to the no-trade situation,trade with the rest of the world results in A) Guatemalan consumers paying a higher price for coffee. B) a decrease in producer surplus in Guatemala. C) a decrease in total surplus in Guatemala. D) All of the above are correct.
-Refer to Figure 9-1.Relative to the no-trade situation,trade with the rest of the world results in


A) Guatemalan consumers paying a higher price for coffee.
B) a decrease in producer surplus in Guatemala.
C) a decrease in total surplus in Guatemala.
D) All of the above are correct.

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