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 total surplus ________.
A) decreases in the solar panel market and increases in the textile market
B) increases in the solar panel market and decreases in the textile market
C) decreases in both markets
D) increases in both markets
Correct Answer:
Verified
Correct Answer:
Verified
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