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WINSTONCH [101]
3 years ago
12

If the world price for good A is above the domestic price for good A without trade, then producer surplus will ________ and tota

l economic surplus will _______ with trade.
a) increase; increase
b) increase; decrease
c) decrease; increase
d) decrease; decrease
Business
1 answer:
goblinko [34]3 years ago
6 0

Answer:

The correct answer is letter "B": increase; decrease.

Explanation:

Producer surplus is the difference between the price at which the manufacturer actually sells a product and the minimum price the manufacturer would have accepted. The surplus results from the producer being able to sell their goods at a market price higher than their minimum price.  

So, <em>if producer A manufactures a product that is being sold at a higher price level abroad, its producer surplus will </em><u><em>increase</em></u><em>. However, the overall economic surplus with trade will </em><u><em>decrease</em></u><em> since the introduction to producer A to the market will allow consumers to purchase the goods at a lower price</em>.

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Answer:

d) joint property ownership

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3 years ago
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Explanation:

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Answer:

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Explanation:

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where,

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