Scenario: Now suppose the United States can trade wheat with the rest of the world, taking the world price of $2 per bushel as given in the figure below.

-Refer to the scenario above.The gain in consumer surplus from free trade is represented by the area ________.

Question

Scenario: Now suppose the United States can trade wheat with the rest of the world, taking the world price of $2 per bushel as given in the figure below.
 
-Refer to the scenario above.The gain in consumer surplus from free trade is represented by the area ________.

Quizplus · Accepted Answer

The Answer of Scenario: Now suppose the United States can trade wheat with the rest of the world, taking the world price of $2 per bushel as given in the figure below.
 
-Refer to the scenario above.The gain in consumer surplus from free trade is represented by the area ________.

Scenario: Now Suppose the United States Can Trade Wheat with the Rest