Graph 9-6
This graph refers to the market for oil in Spain.
-According to Graph 9-6, consumer surplus in Spain before trade would be:

Name: Graph 9-6 This graph refers to the market for oil in Spain. -According to Graph 9-6, consumer surplus in Spain before trade would be:
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Question

Graph 9-6
This graph refers to the market for oil in Spain. 
-According to Graph 9-6, consumer surplus in Spain before trade would be:

Quizplus · Accepted Answer

Consumer surplus is the area below the demand curve and above the price line. Before trade, the price in Spain is P1, and the demand curve is D. The consumer surplus is the area A.

Graph 9-6 This Graph Refers to the Market for Oil in Spain