Refer to the Figure Below to Answer the Following Question

question 19

Multiple Choice

Refer to the figure below to answer the following question.

Figure 7.2.3
-Refer to Figure 7.2.3. The graph shows the market for shoes in Canada. The world price of a pair of shoes is $20. With free international trade, Canadian consumer surplus ________ and Canadian producer surplus ________.

• A)increases by area A + B; decreases by area B
• B)increases by area B; decreases by area B
• C)increases by area A; decreases by area B
• D)decreases by area A + B; increases by area B
• E)decreases by area B; increases by area A

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Definitions:

Agreeableness

A personality trait that involves being kind, empathetic, cooperative, and considerate of others.

Extraversion

A personality trait characterized by outgoing, energetic, and sociable behaviors.

Alaska

The largest state in the United States, located in the northwest extremity of North America, known for its diverse terrain of open spaces, mountains, and forests.

Cheerfulness

A state or quality of being noticeably happy and optimistic, often showing a readiness to engage socially with others.