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The Following Figure Shows the Intersection of the Demand and Supply

Question 88

Multiple Choice

The following figure shows the intersection of the demand and supply curves for a commodity in the domestic market at price P2 and quantity Q2,in the absence of trade.With trade,the supply curve shifts to Supplytrade.
Figure 10-4 The following figure shows the intersection of the demand and supply curves for a commodity in the domestic market at price P<sub>2</sub> and quantity Q<sub>2</sub>,in the absence of trade.With trade,the supply curve shifts to Supply<sub>trade</sub>. Figure 10-4   -Refer to Figure 10-4.In the absence of trade,the total consumer surplus is given by _____. A) a + b + c + g + f B) a + b + c + d C) d + b + c D) a + b + c
-Refer to Figure 10-4.In the absence of trade,the total consumer surplus is given by _____.


A) a + b + c + g + f
B) a + b + c + d
C) d + b + c
D) a + b + c

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