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QUESTION 16 Figure Price of Pencil Sharpeners $24 Domestic Supply 16 World Price 12 Domestic Demand 200 3 450 Quantity of Pencil Sharpenery Refer to Figure. If the above economy engages into international trade O a. their producer surplus will be $2,700 O b. their producer surplus will be $1,200. O c. their producer surplus will be $800 O d. their producer surplus will be $1,800