Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q37: A production possibilities curve is plotted for
Q38: The following figure depicts four different scenarios
Q39: The figure below shows production possibilities curves
Q40: Scenario: Viola and Davis are two students
Q41: The following figure depicts the production possibilities
Q43: The following figure shows the production possibilities
Q44: Which of the following cannot be a
Q45: Which of the following statements is true?<br>A)
Q46: Scenario: With her available resources, Wendy can
Q47: The following table shows the value of