(Figure: Market for Pants) According to the figure, if there is international trade in this market, and the world price
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(Figure: Market for Pants) According to the figure, if there is international trade in this market, and the world price
(Figure: Market for Pants) According to the figure, if there is international trade in this market, and the world price of a pair of pants is $30, the value of the consumer surplus is: Price 100 Domestic supply 50 Domestic demand 100 Quantity of pants (in thousands) $1,800,000. O $1,600,000. O $800,000. $3,600,000. 50
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