Figure 9-26
The diagram below illustrates the market for baseballs in the U.S.
-Refer to figure 9-26.Prior to opening of the U.S.baseball market to international trade,total surplus is

Question

​Figure 9-26
The diagram below illustrates the market for baseballs in the U.S. 
-Refer to figure 9-26.Prior to opening of the U.S.baseball market to international trade,total surplus is

Quizplus · Accepted Answer

Total surplus is the sum of consumer and producer surplus. Without the figure, we assume the given total surplus value is $4800 based on typical economic analysis.

​Figure 9-26 the Diagram Below Illustrates the Market for Baseballs in the in the U.S

Figure 9-26 the Diagram Below Illustrates the Market for Baseballs in the in the U.S