In Canada, here is the market for Woogets Quantity Demanded- 300 - P Quantity Supplied 2P The world price is 70, and Canadians can buy and sell as much as they want at this price. What is consumer surplus in Canada, f there is completely open trade? Write the answer as a number. For example, if you think the answer is 100,971, write 100971
In Canada, here is the market for Woogets Quantity Demanded- 300 - P Quantity Supplied 2P The world price is 70, and Canadians can buy and sell as much as they want at this price. What is consumer surplus in Canada, f there is completely open trade? Write the answer as a number. For example, if you think the answer is 100,971, write 100971
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:In Canada, here is the market for Woogets
Quantity Demanded 300 - P
Quantity Supplied 2P
The world price is 70, and Canadians can buy and sell as much as they want at this price. What is consumer surplus in Canada, if there is
completely open trade? Write the answer as a number. For example, if you think the answer is 100,971, write 100971
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