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(Figure: the Import­Competing Industry) in the Figure, with Free Trade

Question 52

Multiple Choice

(Figure: The Import­Competing Industry) In the figure, with free trade, if The world price of the product is $15, then the total consumer surplus is: A) $1,395. B) $697.50. C) $22.50. D) $2,250. (Figure: The Import­Competing Industry) In the figure, with free trade, if
The world price of the product is $15, then the total consumer surplus is:


A) $1,395.
B) $697.50.
C) $22.50.
D) $2,250.

Correct Answer:

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