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

Question 213

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 producer surplus in the United States before free trade is equal to ________,and the consumer surplus after free trade will equal ________ . A)  $160; $360 B)  $200; $800 C)  $160; $280 D)  $200; $280
-Refer to the figure above.If the world price of this product is $14,the producer surplus in the United States before free trade is equal to ________,and the consumer surplus after free trade will equal ________ .


A) $160; $360
B) $200; $800
C) $160; $280
D) $200; $280

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