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cyancamel529Lv1
11 Dec 2019
When a country allows trade and becomes an exporter of a good:
(i) consumer surplus and producer surplus both decrease.
(ii) consumer surplus and producer surplus both increase.
(iii) consumer surplus increases and producer surplus decreases.
(iv) consumer surplus decreases and producer surplus increases.
When a country allows trade and becomes an exporter of a good:
(i) consumer surplus and producer surplus both decrease.
(ii) consumer surplus and producer surplus both increase.
(iii) consumer surplus increases and producer surplus decreases.
(iv) consumer surplus decreases and producer surplus increases.
Jarrod RobelLv2
1 Feb 2020
