When a nation removes restrictions on imported products we will see

A. an increase in consumer surplus and a decrease in producer surplus.
B. a decrease in consumer surplus and an increase in producer surplus.
C. an increase in consumer surplus and an increase in producer surplus.
D. a decrease in consumer surplus and an decrease in producer surplus.

Answer: A

Economics

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A) lowers, raises B) lowers, lowers C) raises, raises D) raises, lowers

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Indicate whether the statement is true or false

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