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Question 158

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Use the following to answer question: Use the following to answer question:   -(Figure: The Market for Calculators) Use Figure: The Market for Calculators.Assume that S and D represent the domestic demand and supply of calculators.The world price,P<sub>W</sub>,equals $100.When the economy moves from autarky,under which the price is $150,to free trade,consumer surplus rises by area _____ and producer surplus falls by _____. A) B + K + L;B B) B + C + K + L;B + C + K + L C) B + C+ H + I + K + L;B + C + H + I D) B + C + G + H + I + J + K + L;B + C
-(Figure: The Market for Calculators) Use Figure: The Market for Calculators.Assume that S and D represent the domestic demand and supply of calculators.The world price,PW,equals $100.When the economy moves from autarky,under which the price is $150,to free trade,consumer surplus rises by area _____ and producer surplus falls by _____.


A) B + K + L;B
B) B + C + K + L;B + C + K + L
C) B + C+ H + I + K + L;B + C + H + I
D) B + C + G + H + I + J + K + L;B + C

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