Use the following to answer question 24. Which of the follo…
Use the following to answer question 24. Which of the following statements are true? I. If the US bans the importation of bananas, consumer surplus will decrease. II. If the US bans the importation of bananas, domestic producer surplus will decrease. III. If the US bans the importation of bananas, it will produce bananas at a cost exceeding their world purchase price.