-The above figure shows the U.S.market for wheat.When there is no international trade,consumer surplus is equal to ________.
A) area A + area B + area C
B) area A
C) area E + area F
D) area B + area C + area D
E) area A + area B + area C + area D

Question

-The above figure shows the U.S.market for wheat.When there is no international trade,consumer surplus is equal to ________.
A) area A + area B + area C 
B) area A 
C) area E + area F 
D) area B + area C + area D 
E) area A + area B + area C + area D

Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve, which, in a closed economy with no international trade, includes areas A, B, and C.

-The Above Figure Shows the U