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1) Refer to Figure 1. Complete the following sentence: Under autarky, the producer surplus isA)195B)285C)40D)1052)refer to the figure 1. Suppose the government allows imports of

1) Refer to Figure 1. Complete the following sentence: Under autarky, the producer surplus isA)195B)285C)40D)1052)refer to the figure 1. Suppose the government allows imports of leather footwear into the United States. What will be the domestic quantity supplied A) 5 unitsB) 10 units C) 20 units D) 15 units

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Price $50 U.S. Supply 24 18 World price 10 U.S. Demand O 10 15 20 Quantity of leather footwear

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