Multiple Choice
Figure 9-24
The following diagram shows the domestic demand and supply in a market.Assume that the world price in this market is $20 per unit.
-Refer to Figure 9-24.With free trade,consumer surplus is
A) $400 and producer surplus is $100.
B) $400 and producer surplus is $400.
C) $900 and producer surplus is $100.
D) $900 and producer surplus is $400.
Correct Answer:

Verified
Correct Answer:
Verified
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