Multiple Choice
In a market that moves from a situation of no trade to a situation where a good is exported,the price of the good ________,the quantity produced by the domestic industry ________,and producer surplus ________.
A) rises;increases;increases
B) falls;decreases;decreases
C) does not change;increases;increases
D) does not change;decreases;decreases
E) rises;increases;decreases
Correct Answer:
Verified
Correct Answer:
Verified
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