Graph 9-4
This graph refers to the market for kiwifruit in New Zealand.
-According to Graph 9-4, total surplus in New Zealand before the trade in kiwifruit is:
A)a + b
B)a + b + c
C)a + b + c + d
D)b + c + d

Question

Graph 9-4
This graph refers to the market for kiwifruit in New Zealand. 
-According to Graph 9-4, total surplus in New Zealand before the trade in kiwifruit is:
A)a + b 
B)a + b + c 
C)a + b + c + d 
D)b + c + d

Quizplus · Accepted Answer

Total surplus before trade is the sum of consumer surplus and producer surplus. In this case, it includes areas a (consumer surplus) and b + c (producer surplus), making the correct answer a + b + c.

Graph 9-4 This Graph Refers to the Market for Kiwifruit in New