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This Graph Demonstrates the Domestic Demand and Supply for a Good,as

Question 65

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as the world price for that good. This graph demonstrates the domestic demand and supply for a good,as well as the world price for that good. According to the graph shown,if this economy were to open to trade,which amount of surplus would be transferred? A) Area BC would be transferred to the consumer. B) Area BCD would be transferred to the producer. C) Area BCD would be transferred to the consumer. D) Area BC would be transferred to the producer.
According to the graph shown,if this economy were to open to trade,which amount of surplus would be transferred?


A) Area BC would be transferred to the consumer.
B) Area BCD would be transferred to the producer.
C) Area BCD would be transferred to the consumer.
D) Area BC would be transferred to the producer.

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