9708/12 Economics Oct Nov 2010 Online Test | Cambridge AS and A Level MCQ
Cambridge
AS & A Level
Economics (9708)
بهمن
2010
مشاهده نمونه سوال
شامل مباحث:
UNIT 1: Basic economic ideas and resource allocation
تعداد سوالات: 30
سطح دشواری:
متوسط
شروع:
آزاد
پایان:
آزاد
مدت پاسخگویی:
60 دقیقه
پیش نمایش صفحه اول فایل
Neda Bani In the diagram, D and S represent the domestic demand and supply curves for a product. ${S_w}$ represents world supply of the product at a world price of ${P_w}$. The initial domestic market equilibrium of the product is at ${E_1}$.
If foreign trade were to be banned completely, the domestic market equilibrium would be at ${E_2}$.
What would be the loss of consumer surplus if all foreign trade were banned?
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