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The Figure Below Shows the Domestic Supply and Demand of a Product

Question 42

Multiple Choice

The figure below shows the domestic supply and demand of a product in the United States.
The figure below shows the domestic supply and demand of a product in the United States.    -Refer to the figure above.If the world price of this product is $14,the consumer surplus in the United States before free trade is equal to ________ ,and the consumer surplus after free trade will equal ________. A)  $160; $80 B)  $200; $80 C)  $160; $40 D)  $200; $40
-Refer to the figure above.If the world price of this product is $14,the consumer surplus in the United States before free trade is equal to ________ ,and the consumer surplus after free trade will equal ________.


A) $160; $80
B) $200; $80
C) $160; $40
D) $200; $40

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