
-The above figure shows the Australian market for chocolate. With no international trade, consumer surplus is equal to ________ and producer surplus is equal to ________.
A) area A + area B + area C + area D; area E
B) area E; area A + area B + area C + area D
C) area B + area C + area D; area A + area E
D) area A; area E
E) area C + area D; area B + area E
Correct Answer:
Verified
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