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Refer to the Figure Below to Answer the Following Questions

question 9

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Refer to the figure below to answer the following questions. Refer to the figure below to answer the following questions.   Figure 7.2.2 The figure shows the market for helicopters in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $36 million per helicopter. -In Figure 7.2.2,if the economy moves from no trade to international trade,total surplus in Canada ________ by ________. A) decreases;$2.56 billion B) increases;$4.8 billion C) decreases;$3.6 billion D) decreases;$1.92 billion E) increases;$1.92 billion Figure 7.2.2
The figure shows the market for helicopters in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $36 million per helicopter.
-In Figure 7.2.2,if the economy moves from no trade to international trade,total surplus in Canada ________ by ________.


Definitions:

Total Current Assets

The sum of all assets owned by a company that are expected to be converted into cash, sold, or consumed within one year or a business cycle, whichever is longer.

Cash Collection

The process of gathering all cash received from sales, services, and other sources.

Bad Debt Expense

The cost associated with accounts receivable that a company is unable to collect from its debtors.

Credit Sales

Transactions where goods or services are provided to a customer with an agreement to receive payment at a later date.

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