This Graph Demonstrates the Domestic Demand and Supply for a Good,as

question 91

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as the world price for that good. According to the graph shown,if this economy were to open to trade,domestic producers would:

• A) transfer surplus in area BC to consumers.
• B) transfer surplus in area BCD to foreign producers.
• C) lose surplus in area BCD to foreign consumers.
• D) receive additional surplus of BCD.

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