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The Graph Shown Demonstrates the Domestic Demand and Supply for a Good

Question 74

Multiple Choice

The graph shown demonstrates the domestic demand and supply for a good, as well as the world price for that good. The graph shown demonstrates the domestic demand and supply for a good, as well as the world price for that good.   If this economy were to open to trade, which amount of surplus would be transferred and to who? A) Areas F + G would be transferred to the consumer. B) Areas D + E would be transferred to the consumer. C) Areas D + E + F + G would be transferred to the consumer. D) Areas F + G would be transferred to the producer. If this economy were to open to trade, which amount of surplus would be transferred and to who?


A) Areas F + G would be transferred to the consumer.
B) Areas D + E would be transferred to the consumer.
C) Areas D + E + F + G would be transferred to the consumer.
D) Areas F + G would be transferred to the producer.

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