Figure 18-B
-Refer to Figure 18-B.The change in consumer surplus from free trade is area:

Question

Figure 18-B 
-Refer to Figure 18-B.The change in consumer surplus from free trade is area:

Quizplus · Accepted Answer

The change in consumer surplus from free trade is the area of B + C + D, which represents the additional surplus gained by consumers as a result of the lower prices in the foreign market. Areas A and E represent the initial and final consumer surpluses respectively, and are not relevant to the change in consumer surplus from free trade.

Figure 18-B -Refer to Figure 18-B.The Change in Consumer Surplus from Free