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Question

when a country allows trade and becomes an exporter of silk, which of the following is not a consequence?a.the price paid by domestic consumers of silk increases.b.the price received by domestic producers of silk increases.c.the price paid by domestic consumers of silk decreases.d.the gains of domestic producers of silk exceed the losses of domestic consumers of silk.

Answer

c. the price paid by domestic consumers of silk increases.

  • Q: Which of the consequences is not present? A: The consequence that is not present is c. the price paid by domestic consumers of silk increases.