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    Modern Principles of Economics Study Set 2
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    Exam 9: International Trade
  5. Question
    Figure: Foreign Trade Reference: Ref 9-3 (Figure: Foreign Trade)
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Figure: Foreign Trade Reference: Ref 9-3 (Figure: Foreign Trade)

Question 54

Question 54

Multiple Choice

Figure: Foreign Trade Figure: Foreign Trade   Reference: Ref 9-3 (Figure: Foreign Trade)  Refer to the figure. What is the dollar value of the consumer surplus that consumers could gain if the trade restriction were removed? A)  $35,000 B)  $22,500 C)  $30,000 D)  $25,000 Reference: Ref 9-3 (Figure: Foreign Trade) Refer to the figure. What is the dollar value of the consumer surplus that consumers could gain if the trade restriction were removed?


A) $35,000
B) $22,500
C) $30,000
D) $25,000

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