Multiple Choice
Use the following to answer question:
-(Figure: The Market for Beats by Dre) Use Figure: The Market for Beats by Dre.Assume that Sd represents the domestic supply curve and Dd represents the domestic demand curve.If the world price equals $100 and there is free trade,what is the gain in consumer surplus?
A) $5 million
B) $2.5 million
C) $2.25 million
D) $750,000
Correct Answer:

Verified
Correct Answer:
Verified
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