Figure 9-2 ​

Multiple Choice

Figure 9-2 ​
-Refer to Figure 9-2. The increase in total surplus resulting from trade is

A) $7,680, since consumer surplus increases by $9,216 and producer surplus falls by $1,536.
B) $3,840, since consumer surplus increases by $10,560 and producer surplus falls by $6,720.
C) $23,280, since consumer surplus increases by $30,264 and producer surplus falls by $6,984.
D) $1,920, since consumer surplus increases by $2,496 and producer surplus falls by $576.