Multiple Choice
The figures below show markets for solar panels and textiles in Banana Republic. Pwₒᵣld is the world price in each market.
-Refer to the figures above.When Banana Republic opens up to international trade,the domestic sellers in the textile market ________.
A) gain the surplus equal to the area A' + B' + C'
B) gain the surplus equal to the area C'
C) lose the surplus equal to the area A' + B' + C'
D) lose the surplus equal to the area C'
Correct Answer:

Verified
Correct Answer:
Verified
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