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Scenario 9-2 • for a Small Country Called Boxland,the Equation of the of the Domestic

Question 248

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Scenario 9-2
• For a small country called Boxland,the equation of the domestic demand curve for
cardboard is Scenario 9-2 • For a small country called Boxland,the equation of the domestic demand curve for cardboard is , where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard. • For Boxland,the equation of the domestic supply curve for cardboard is , where represents the domestic quantity of cardboard supplied,in tons,and again represents the price of a ton of cardboard. -Refer to Scenario 9-2.Suppose the world price of cardboard is $45.Then,relative to the no-trade situation,international trade in cardboard produces which of the following results for Boxland? A) It increases consumer surplus,decreases producer surplus,and increases total surplus. B) It increases consumer surplus,increases producer surplus,and increases total surplus. C) It increases consumer surplus,decreases producer surplus,and decreases total surplus. D) It decreases consumer surplus,increases producer surplus,and increases total surplus. ,
where Scenario 9-2 • For a small country called Boxland,the equation of the domestic demand curve for cardboard is , where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard. • For Boxland,the equation of the domestic supply curve for cardboard is , where represents the domestic quantity of cardboard supplied,in tons,and again represents the price of a ton of cardboard. -Refer to Scenario 9-2.Suppose the world price of cardboard is $45.Then,relative to the no-trade situation,international trade in cardboard produces which of the following results for Boxland? A) It increases consumer surplus,decreases producer surplus,and increases total surplus. B) It increases consumer surplus,increases producer surplus,and increases total surplus. C) It increases consumer surplus,decreases producer surplus,and decreases total surplus. D) It decreases consumer surplus,increases producer surplus,and increases total surplus. represents the domestic quantity of cardboard demanded,in tons,and Scenario 9-2 • For a small country called Boxland,the equation of the domestic demand curve for cardboard is , where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard. • For Boxland,the equation of the domestic supply curve for cardboard is , where represents the domestic quantity of cardboard supplied,in tons,and again represents the price of a ton of cardboard. -Refer to Scenario 9-2.Suppose the world price of cardboard is $45.Then,relative to the no-trade situation,international trade in cardboard produces which of the following results for Boxland? A) It increases consumer surplus,decreases producer surplus,and increases total surplus. B) It increases consumer surplus,increases producer surplus,and increases total surplus. C) It increases consumer surplus,decreases producer surplus,and decreases total surplus. D) It decreases consumer surplus,increases producer surplus,and increases total surplus. represents the price of a ton of cardboard.
• For Boxland,the equation of the domestic supply curve for cardboard is Scenario 9-2 • For a small country called Boxland,the equation of the domestic demand curve for cardboard is , where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard. • For Boxland,the equation of the domestic supply curve for cardboard is , where represents the domestic quantity of cardboard supplied,in tons,and again represents the price of a ton of cardboard. -Refer to Scenario 9-2.Suppose the world price of cardboard is $45.Then,relative to the no-trade situation,international trade in cardboard produces which of the following results for Boxland? A) It increases consumer surplus,decreases producer surplus,and increases total surplus. B) It increases consumer surplus,increases producer surplus,and increases total surplus. C) It increases consumer surplus,decreases producer surplus,and decreases total surplus. D) It decreases consumer surplus,increases producer surplus,and increases total surplus. ,
where Scenario 9-2 • For a small country called Boxland,the equation of the domestic demand curve for cardboard is , where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard. • For Boxland,the equation of the domestic supply curve for cardboard is , where represents the domestic quantity of cardboard supplied,in tons,and again represents the price of a ton of cardboard. -Refer to Scenario 9-2.Suppose the world price of cardboard is $45.Then,relative to the no-trade situation,international trade in cardboard produces which of the following results for Boxland? A) It increases consumer surplus,decreases producer surplus,and increases total surplus. B) It increases consumer surplus,increases producer surplus,and increases total surplus. C) It increases consumer surplus,decreases producer surplus,and decreases total surplus. D) It decreases consumer surplus,increases producer surplus,and increases total surplus. represents the domestic quantity of cardboard supplied,in tons,and Scenario 9-2 • For a small country called Boxland,the equation of the domestic demand curve for cardboard is , where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard. • For Boxland,the equation of the domestic supply curve for cardboard is , where represents the domestic quantity of cardboard supplied,in tons,and again represents the price of a ton of cardboard. -Refer to Scenario 9-2.Suppose the world price of cardboard is $45.Then,relative to the no-trade situation,international trade in cardboard produces which of the following results for Boxland? A) It increases consumer surplus,decreases producer surplus,and increases total surplus. B) It increases consumer surplus,increases producer surplus,and increases total surplus. C) It increases consumer surplus,decreases producer surplus,and decreases total surplus. D) It decreases consumer surplus,increases producer surplus,and increases total surplus. again
represents the price of a ton of cardboard.
-Refer to Scenario 9-2.Suppose the world price of cardboard is $45.Then,relative to the no-trade situation,international trade in cardboard produces which of the following results for Boxland?


A) It increases consumer surplus,decreases producer surplus,and increases total surplus.
B) It increases consumer surplus,increases producer surplus,and increases total surplus.
C) It increases consumer surplus,decreases producer surplus,and decreases total surplus.
D) It decreases consumer surplus,increases producer surplus,and increases total surplus.

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