Figure 9-2
-Refer to Figure 9-2. The increase in total surplus resulting from trade is
A)$7,680, since consumer surplus increases by $9,216 and producer surplus falls by $1,536.
B)$3,840, since consumer surplus increases by $10,560 and producer surplus falls by $6,720.
C)$23,280, since consumer surplus increases by $30,264 and producer surplus falls by $6,984.
D)$1,920, since consumer surplus increases by $2,496 and producer surplus falls by $576.

Question

Figure 9-2  ​
-Refer to Figure 9-2. The increase in total surplus resulting from trade is
A)$7,680, since consumer surplus increases by $9,216 and producer surplus falls by $1,536. 
B)$3,840, since consumer surplus increases by $10,560 and producer surplus falls by $6,720. 
C)$23,280, since consumer surplus increases by $30,264 and producer surplus falls by $6,984. 
D)$1,920, since consumer surplus increases by $2,496 and producer surplus falls by $576.

Quizplus · Accepted Answer

The Answer of Figure 9-2  ​
-Refer to Figure 9-2. The increase in total surplus resulting from trade is
A)$7,680, since consumer surplus increases by $9,216 and producer surplus falls by $1,536. 
B)$3,840, since consumer surplus increases by $10,560 and producer surplus falls by $6,720. 
C)$23,280, since consumer surplus increases by $30,264 and producer surplus falls by $6,984. 
D)$1,920, since consumer surplus increases by $2,496 and producer surplus falls by $576.

Figure 9-2 ​

Figure 9-2