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Homework answers / question archive / Say we allow cars, produced in other countries, to be sold in the U
Say we allow cars, produced in other countries, to be sold in the U.S., and that causes the prices of automobiles. Then there is a what in consumer's surplus? What does that indicate?
The consumer surplus will increase, as prices will be reduced, as supply will increase, as will other countries. Car prices will fall and consumers will enjoy paying low prices.
