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Figure 9-10

Question 280

Multiple Choice

Figure 9-10.The figure applies to Mexico and the good is rifles. Figure 9-10.The figure applies to Mexico and the good is rifles. -Refer to Figure 9-10.The area bounded by the points (Q<sub>0</sub>,P<sub>0</sub>) , (Q<sub>2</sub>,P<sub>1</sub>) ,and (Q<sub>1</sub>,P<sub>1</sub>) represents A) Mexico's gains from trade. B) the amount by which Mexico's gain in producer surplus exceeds its loss in consumer surplus due to trade. C) Mexico's loss in total surplus due to trade. D) All of the above are correct.
-Refer to Figure 9-10.The area bounded by the points (Q0,P0) , (Q2,P1) ,and (Q1,P1) represents


A) Mexico's gains from trade.
B) the amount by which Mexico's gain in producer surplus exceeds its loss in consumer surplus due to trade.
C) Mexico's loss in total surplus due to trade.
D) All of the above are correct.

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