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

Question 205

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 United States will gain ________ in social surplus if it engages in free trade in this product. A)  $160 B)  $80 C)  $280 D)  $40
-Refer to the figure above.If the world price of this product is $14,the United States will gain ________ in social surplus if it engages in free trade in this product.


A) $160
B) $80
C) $280
D) $40

Correct Answer:

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