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Figure 9-2 The Following Diagram Shows the Domestic Demand and Domestic Supply

Question 414

Multiple Choice

Figure 9-2
The following diagram shows the domestic demand and domestic supply in a market.In addition,assume that the world price in this market is $40 per unit. Figure 9-2 The following diagram shows the domestic demand and domestic supply in a market.In addition,assume that the world price in this market is $40 per unit. -Refer to Figure 9-2.With free trade,consumer surplus is A) $48,000 and producer surplus is $48,000. B) $18,000 and producer surplus is $12,000. C) $108,000 and producer surplus is $12,000. D) $18,000 and producer surplus is $48,000.
-Refer to Figure 9-2.With free trade,consumer surplus is


A) $48,000 and producer surplus is $48,000.
B) $18,000 and producer surplus is $12,000.
C) $108,000 and producer surplus is $12,000.
D) $18,000 and producer surplus is $48,000.

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