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Figure 9-24 the Following Diagram Shows the Domestic Demand and Supply in Supply

Question 101

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. 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,total surplus is A) $500. B) $800. C) $1,000. D) $1,300.
-Refer to Figure 9-24.With free trade,total surplus is


A) $500.
B) $800.
C) $1,000.
D) $1,300.

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