(Figure: The ImportCompeting Industry) In the figure, with free trade, if
The world price of the product is $15, then the total consumer surplus is:
A)$1,395.
B)$697.50.
C)$22.50.
D)$2,250.

Question

(Figure: The Import­Competing Industry) In the figure, with free trade, if
The world price of the product is $15, then the total consumer surplus is:
A)$1,395. 
B)$697.50. 
C)$22.50. 
D)$2,250.

Quizplus · Accepted Answer

The Answer of  (Figure: The Import­Competing Industry) In the figure, with free trade, if
The world price of the product is $15, then the total consumer surplus is:
A)$1,395. 
B)$697.50. 
C)$22.50. 
D)$2,250.

(Figure: the Import­Competing Industry) in the Figure, with Free Trade

(Figure: the ImportCompeting Industry) in the Figure, with Free Trade