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    Economics Study Set 9
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    Exam 9: Comparative Advantage and the Gains From International Trade
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    Figure 9-4 Figure 9-4 Shows the U
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Figure 9-4 Figure 9-4 Shows the U

Question 368

Question 368

Multiple Choice

Figure 9-4 Figure 9-4   Figure 9-4 shows the U.S. demand and supply for leather footwear. -Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. The market price falls to $24. What area represents consumer surplus? A)  R + S B)  R + S + T + U C)  V + W + X + Y D)  R + S + V Figure 9-4 shows the U.S. demand and supply for leather footwear.
-Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. The market price falls to $24. What area represents consumer surplus?


A) R + S
B) R + S + T + U
C) V + W + X + Y
D) R + S + V

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