Multiple Choice
Use the following to answer question:
-(Figure: The Domestic Supply and Demand for SUVs in the United States) Use Figure: The Domestic Supply and Demand for SUVs in the United States.Suppose the world price equals $50,000 and there is free trade.Calculate the loss of consumer surplus.
A) $41,250 million
B) $30,000 million
C) $52,500 million
D) $22,250 million
Correct Answer:

Verified
Correct Answer:
Verified
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