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The Following Figure Shows the Demand and Supply for a Commodity

Question 2

Multiple Choice

The following figure shows the demand and supply for a commodity in the domestic U.S.market as well as the global market.The commodity is imported from the rest of the world to the U.S.market.
Figure 10-3 The following figure shows the demand and supply for a commodity in the domestic U.S.market as well as the global market.The commodity is imported from the rest of the world to the U.S.market. Figure 10-3 -In Figure 10-3,trade increases consumer surplus in the U.S.by _____. A) P<sub>3</sub>EKP<sub>2</sub> B) P<sub>3</sub>EP<sub>0</sub> C) EKL D) P<sub>2</sub>LMP<sub>1</sub>
-In Figure 10-3,trade increases consumer surplus in the U.S.by _____.


A) P3EKP2
B) P3EP0
C) EKL
D) P2LMP1

Correct Answer:

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