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Please answer question 3. Use the table below to answer question 3. Price {dollars per shirl] Ad 40 36 32 28 24 20 16 D
Please answer question 3.
Use the table below to answer question 3. Price {dollars per shirl] Ad 40 36 32 28 24 20 16 D 12 ( l l l l l I l 0 31624324143566 Quantity Imullions of shirts per year) The figure shows the market for shirts in Canada, where D is the domestic demand curve and Sis the domestic supply curve. The world price is $20 per shirt. 3) Total (social) surplus is consumer surplus plus producer surplus. Moving to free international trade will cause total (social) surplus in Canada to and also A) increase; Canadian producers could argue that new domestic production levels create a domestic deadweight loss B) decrease; cause an increase in Canadian producer surplus C) increase; cause a decrease in Canadian consumer surplus D) increase; cause a decrease in Canadian producer surplus E) A and DStep by Step Solution
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