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Use the Following to Answer Question

Question 28

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Use the following to answer question: Use the following to answer question:   -(Figure: Domestic Market for Digital Cameras) Use Figure: The Domestic Market for Digital Cameras.Assume that P<sub>A</sub> is the autarky price and P<sub>W</sub> is the world price.Consumer surplus after international trade is equal to the area: A) A. B) A + B. C) A + B + D + E. D) A + B + D + E - C.
-(Figure: Domestic Market for Digital Cameras) Use Figure: The Domestic Market for Digital Cameras.Assume that PA is the autarky price and PW is the world price.Consumer surplus after international trade is equal to the area:


A) A.
B) A + B.
C) A + B + D + E.
D) A + B + D + E - C.

Correct Answer:

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