Question: Suppose the US is exporting corn. What can we say is true for the domestic market for corn? Group of answer choices World price is
Suppose the US is exporting corn. What can we say is true for the domestic market for corn? Group of answer choices World price is above the domestic equilibrium price Total surplus is lower with trade than if trade was banned Less is produced domestically with trade than if trade was banned Producer surplus is lower with trade than if trade was banned
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