The figure above shows the domestic market for calculators in Haiti. What is the change in total surplus in Haiti because of trade? a. $865 b. $625 c. $1500 d. $2800 Price of Calculators $27 12 7 Domestic Supply World Price Domestic 2 Demand 0 150 300 400 Quantity of Calculators

The figure above shows the domestic market for calculators in Haiti. What is the change in total surplus in Haiti because of trade? a. $865 b. $625 c. $1500 d. $2800 Price of Calculators $27 12 7 Domestic Supply World Price Domestic 2 Demand 0 150 300 400 Quantity of Calculators

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The figure above shows the domestic market for
calculators in Haiti. What is the change in total
surplus in Haiti because of trade? a. $865 b. $625
c. $1500 d. $2800
Price of
Calculators
$27
12
7
Domestic
Supply
World
Price
Domestic
2
Demand
0
150
300 400
Quantity of
Calculators

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