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Question 141

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Use the following to answer question: Use the following to answer question: -(Figure: The Market for Tea in Sri Lanka) Use Figure: The Market for Tea in Sri Lanka.In autarky,the price is P<sub>1</sub>.When the economy is opened to trade,the price rises to P<sub>W</sub> and the change in total surplus is: A) I. B) G + H + I. C) G + H + I + J + K. D) F + G + H + I + J + K.
-(Figure: The Market for Tea in Sri Lanka) Use Figure: The Market for Tea in Sri Lanka.In autarky,the price is P1.When the economy is opened to trade,the price rises to PW and the change in total surplus is:


A) I.
B) G + H + I.
C) G + H + I + J + K.
D) F + G + H + I + J + K.

Correct Answer:

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