Multiple Choice
Figure 9-4

-Refer to Figure 9-4.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
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