Figure: The Domestic Supply and Demand for SUVs in the United States
(Figure: The Domestic Supply and Demand for SUVs in the United States) Look at the figure The Domestic Supply and Demand for SUVs in the United States.Suppose the world price equals
$50,000 and there is free trade.Calculate the loss of consumer surplus when there is free trade.
A.$41,250 million
B.$30,000 million
C.$52,500 million
D.$22,250 million
Correct Answer:
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