Refer to the figure below to answer the following questions.
Figure 7.2.1
The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt.
-In Figure 7.2.1, international trade ________ total surplus in Canada by ________.
Definitions:
Buying Behaviors
Patterns or habits displayed by consumers when making purchasing decisions, influenced by various personal and external factors.
Family
A social unit consisting of parents and their children, often living together and considered as a group.
Purchasing Agreement
A legal document that outlines the terms and conditions under which goods or services are sold from a seller to a buyer.
Delivery Schedule
A timetable for the delivery of goods or services to customers, outlining expected dates and times for receiving the product.
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