Figure 9.8
-Refer to Figure 9.8. If free trade in sugar is allowed, consumer surplus will be
A) $175.
B) $250.
C) $30,625.
D) $61,250.
E) $62,500.

Name: Figure 9.8 -Refer to Figure 9.8. If free trade in sugar is allowed, consumer surplus will be A) $175. B) $250. C) $30,625. D) $61,250. E) $62,500.
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Question

Figure 9.8
-Refer to Figure 9.8. If free trade in sugar is allowed, consumer surplus will be
A) $175. 
B) $250. 
C) $30,625. 
D) $61,250. 
E) $62,500.

Quizplus · Accepted Answer

Consumer surplus in free trade is the area below the demand curve and above the world price, which is the largest when trade is allowed, leading to the highest consumer surplus of $62,500.

Figure 9.8 -Refer to Figure 9.8. If Free Trade in Sugar Is