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-The Above Figure Shows the Market for Rice in Japan

Question 56

Multiple Choice

  -The above figure shows the market for rice in Japan.S represents the domestic supply curve,and the horizontal line at P =1 represents the world supply curve.If imported rice is banned,the loss in social welfare is A)  a + b + c + d + e. B)  a. C)  c + e. D)  i.
-The above figure shows the market for rice in Japan.S represents the domestic supply curve,and the horizontal line at P =1 represents the world supply curve.If imported rice is banned,the loss in social welfare is


A) a + b + c + d + e.
B) a.
C) c + e.
D) i.

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