Solved

The Following Figure Shows the Intersection of the Demand and Supply

Question 46

Multiple Choice

The following figure shows the intersection of the demand and supply curves for a commodity in the domestic market at price P2 and quantity Q2,in the absence of trade.With trade,the supply curve shifts to Supplytrade.
Figure 10-4 The following figure shows the intersection of the demand and supply curves for a commodity in the domestic market at price P<sub>2</sub> and quantity Q<sub>2</sub>,in the absence of trade.With trade,the supply curve shifts to Supply<sub>trade</sub>. Figure 10-4   -Refer to Figure 10-4.When foreign suppliers enter the domestic market the total consumer surplus becomes _____. A) a + b + c + d B) a + b + c + f + g + h C) a + b + c + f + g + j D) a + b + c + f + g + h + i
-Refer to Figure 10-4.When foreign suppliers enter the domestic market the total consumer surplus becomes _____.


A) a + b + c + d
B) a + b + c + f + g + h
C) a + b + c + f + g + j
D) a + b + c + f + g + h + i

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions