Figure 9-5
-Refer to Figure 9-5. Consumer surplus in this market after trade is

Name: Figure 9-5 -Refer to Figure 9-5. Consumer surplus in this market after trade is
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Question

Figure 9-5 
-Refer to Figure 9-5. Consumer surplus in this market after trade is

Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve. After trade, the price is at the level where the supply curve intersects the world price line, so consumer surplus includes areas A, B, and D.

Figure 9-5 -Refer to Figure 9-5. Consumer Surplus in This Market After