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-1Figure 9-1 shows the U.S. demand and supply for leather footwear. Refer to Figure 9-1. ...

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-1Figure 9-1 shows the U.S. demand and supply for leather footwear. Refer to Figure 9-1. ...

Question 1.

Figure 9-1

Figure 9-1 shows the U.S. demand and supply for leather footwear.

Refer to Figure 9-1. Under autarky, the consumer surplus is

▸

$195.

▸

$260.

▸

$300.

▸

$555.

Question 2.

Figure 9-1

Figure 9-1 shows the U.S. demand and supply for leather footwear.

Refer to Figure 9-1. Under autarky, the producer surplus is

▸

$40.

▸

$105.

▸

$195.

▸

$285.

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

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