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The Graph Shown Demonstrates the Domestic Demand and Supply for a Good

question 39

Multiple Choice

The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good. The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.   If the economy was originally operating in autarky, after moving to free trade the overall impact on surplus would be a net: A) gain of areas F + G + I + J + K + L. B) loss of areas F + G + I + J + K + L. C) gain of areas F + G + J + K. D) loss of areas F + G + J + K. If the economy was originally operating in autarky, after moving to free trade the overall impact on surplus would be a net:


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