Figure 9-5
-Refer to Figure 9-5.The increase in total surplus resulting from trade is
A) $60, since producer surplus increases by $180 and consumer surplus falls by $240.
B) $60, since consumer surplus increases by $180 and producer surplus falls by $240.
C) $75, since consumer surplus increases by $240 and producer surplus falls by $165.
D) $75, since consumer surplus increases by $300 and producer surplus falls by $225.
Correct Answer:
Verified
Q44: Figure 9-3.The domestic country is China.
Q67: Figure 9-4.The domestic country is Nicaragua.
Q68: Scenario 9-1
The before-trade domestic price of peaches
Q69: Figure 9-4.The domestic country is Nicaragua.
Q70: Scenario 9-1
The before-trade domestic price of peaches
Q74: Scenario 9-1
The before-trade domestic price of peaches
