With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

Question

TuteeHUB · Accepted Answer

1,200 computers, decrease, increase

TuteeHUB · Answer

1,600 computers, decrease, increase

TuteeHUB · Answer

1,600 computers, increase, decrease

TuteeHUB · Answer

1,200 computers, increase, decrease

1.	With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?
A.	1,600 computers, decrease, increase
B.	1,600 computers, increase, decrease
C.	1,200 computers, decrease, increase
D.	1,200 computers, increase, decrease
Answer» C. 1,200 computers, decrease, increase

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