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Question 16

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Use the following to answer question: Use the following to answer question: -(Figure: The Gains from Trade) Look at the figure The Gains from Trade.What is the total surplus in this market when the demand curve is D<sub>2</sub> and the market is in equilibrium? A) $31.25 B) $45.00 C) $62.50 D) $90.00
-(Figure: The Gains from Trade) Look at the figure The Gains from Trade.What is the total surplus in this market when the demand curve is D2 and the market is in equilibrium?


A) $31.25
B) $45.00
C) $62.50
D) $90.00

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