Use the Following to Answer Questions

question 212

Multiple Choice

Use the following to answer questions :
Figure: The Market for Roses
-(Figure: The Market for Roses) Look at the figure The Market for Roses. Assume that P_A is the autarky price and P_W is the world price. Producer surplus without international trade would be area:

• A)X + Y + Z.
• B)W + X + Y.
• C)X + Y.
• D)Y.

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