In a Market That Moves from a Situation of No

question 118

Multiple Choice

In a market that moves from a situation of no trade to a situation where a good is exported,the price of the good ________,the quantity produced by the domestic industry ________,and producer surplus ________.

• A)rises;increases;increases
• B)falls;decreases;decreases
• C)does not change;increases;increases
• D)does not change;decreases;decreases
• E)rises;increases;decreases

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Definitions:

Equation

A mathematical statement that asserts the equality of two expressions.

Equation

A formula expressing one mathematical quantity in terms of others, indicating equality under certain conditions.

Equation

An equation is a mathematical statement that asserts the equality of two expressions, typically containing one or more variables.

Center

In geometry, the central point of a circle or sphere, equidistant from all points on the perimeter or surface; in other contexts, it refers to a focal point or main area of activity.