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Figure 9-8 -Refer to Figure 9-8.The Change in Total Surplus in This

Question 115

Multiple Choice

Figure 9-8
Figure 9-8 -Refer to Figure 9-8.The change in total surplus in this market because of trade is A) D, and this area represents a loss of total surplus because of trade. B) D, and this area represents a gain in total surplus because of trade. C) B + D, and this area represents a loss of total surplus because of trade. D) B + D, and this area represents a gain in total surplus because of trade.
-Refer to Figure 9-8.The change in total surplus in this market because of trade is

A) D, and this area represents a loss of total surplus because of trade.
B) D, and this area represents a gain in total surplus because of trade.
C) B + D, and this area represents a loss of total surplus because of trade.
D) B + D, and this area represents a gain in total surplus because of trade.

Correct Answer: