Multiple Choice
The following figure shows the demand curve, D, and supply curve, S, of ballpoint pens in Lithasia. The world price of pens is $2.
-Refer to the figure above.What is the producer surplus after Lithasia opens up to free trade?
A) $2
B) $3
C) $6
D) $9
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q107: Scenario: The domestic supply and demand of
Q108: The following figure shows the demand curve,
Q109: What are the effects of a tariff
Q110: Scenario: With her available resources, Wendy can
Q111: Scenario: A machine that can be used
Q113: Which of the following statements is true
Q114: Scenario: Meryl and Steve are two classmates
Q115: A production possibilities curve is plotted for
Q116: Free trade refers to the ability of
Q117: Scenario: Yasmin and Zeek are lawyers working