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Figure 9-10

Question 174

Multiple Choice

Figure 9-10. The figure applies to Mexico and the good is rifles. Figure 9-10. The figure applies to Mexico and the good is rifles. -Refer to Figure 9-10. The area bounded by the points (Q0, P0) , (Q2, P1) , and (Q1, P1) represents A) Mexico's gains from trade. B) the amount by which Mexico's gain in consumer surplus exceeds its loss in producer surplus due to trade. C) Mexico's gain in total surplus due to trade. D) All of the above are correct.
-Refer to Figure 9-10. The area bounded by the points (Q0, P0) , (Q2, P1) , and (Q1, P1) represents


A) Mexico's gains from trade.
B) the amount by which Mexico's gain in consumer surplus exceeds its loss in producer surplus due to trade.
C) Mexico's gain in total surplus due to trade.
D) All of the above are correct.

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