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c. Now suppose this closed economy opens up to international trade. Now show the consumer surplus, producer surplus, equilibrium price and quantity traded. Also make

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c. Now suppose this closed economy opens up to international trade. Now show the consumer surplus, producer surplus, equilibrium price and quantity traded. Also make sure to show the exports / imports of the newly opened economy. d. What happened to consumer surplus, producer surplus, equilibrium price and quantity traded after this economy opened up to international trade

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