Multiple Choice
Use the following figure to answer the questions : Figure 10-4 : 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.
-Refer to Figure 10-4.When foreign suppliers enter the domestic market the total consumer surplus becomes _____.
A) a + b + c + d
B) a + b + c + f + g + h
C) a + b + c + f + g + j
D) a + b + c + f + g + h + i
Correct Answer:

Verified
Correct Answer:
Verified
Q72: Suppose the demand for some good can
Q73: Use the following figure to answer the
Q74: A per-unit excise tax on a single
Q75: The level of output produced by a
Q76: The long-run supply curve in a constant-cost
Q77: For an excise tax which causes output
Q79: Use the following figure to answer the
Q80: In the long run,aggregate producer surplus is
Q81: Deregulation of the taxicab industry is most
Q82: The city planning authority in a city