Economics Mcqs
Q With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?
  • A A. 20 calculators increase
  • B B. 25 calculators decrease
  • C C. 25 calculators increase
  • D D. 30 calculators increase
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