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The Following Figure Shows the Demand and Supply for a Commodity

Question 64

Multiple Choice

The following figure shows the demand and supply for a commodity in the domestic U.S.market as well as the global market.The commodity is imported from the rest of the world to the U.S.market.
Figure 10-3 The following figure shows the demand and supply for a commodity in the domestic U.S.market as well as the global market.The commodity is imported from the rest of the world to the U.S.market. Figure 10-3 -Refer to Figure 10-3.The total consumer surplus prior to trade was _____. A) P<sub>4</sub>EP<sub>3</sub> B) P<sub>4</sub>KP<sub>2</sub> C) P<sub>4</sub>ELP<sub>2</sub> D) P<sub>3</sub>EP<sub>0</sub>
-Refer to Figure 10-3.The total consumer surplus prior to trade was _____.


A) P4EP3
B) P4KP2
C) P4ELP2
D) P3EP0

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