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Question 12

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Use the following to answer question: Use the following to answer question: -(Figure: The Domestic Supply and Demand for SUVs in the United States) Use Figure: The Domestic Supply and Demand for SUVs in the United States.Suppose the world price equals $50,000 and there is free trade.In the United States,consumer surplus would _____ and producer surplus would _____. A) increase;decrease B) increase;increase C) decrease;decrease D) decrease;increase
-(Figure: The Domestic Supply and Demand for SUVs in the United States) Use Figure: The Domestic Supply and Demand for SUVs in the United States.Suppose the world price equals $50,000 and there is free trade.In the United States,consumer surplus would _____ and producer surplus would _____.


A) increase;decrease
B) increase;increase
C) decrease;decrease
D) decrease;increase

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