Canada Can Produce Wine Domestically,but It Can Also Import Wine

question 121

Multiple Choice

Canada can produce wine domestically,but it can also import wine if the world price is lower than the domestic price.If Canada imports wine,consumer surplus will _____ by _____ the _____ in producer surplus;total surplus will _____.

• A) increase;less than;decrease;decrease
• B) increase;the same amount as;decrease;stay constant
• C) decrease;less than;increase;increase
• D) increase;more than;decrease;increase

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