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Business, 04.12.2019 23:31 josie311251

When all trade is prohibited in good x, the equilibrium price in the home country is px. after free trade is instituted, the domestic country begins to import good x from the rest of the world. as a result of free trade: group of answer choices the domestic price of good x will fall. the domestic price of good x will rise. the domestic price of good x will exceed the price in foreign countries. the domestic price of good x will be less than the price in foreign countries. the domestic producers will gain surplus at the expense of domestic consumers.

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When all trade is prohibited in good x, the equilibrium price in the home country is px. after free...
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