Figure 9-11
-Refer to Figure 9-11.Producer surplus plus consumer surplus in this market after trade is
A)A + B.
B)A + B + C.
C)B + C + D.
D)A + B + C + D.

Question

Figure 9-11 
-Refer to Figure 9-11.Producer surplus plus consumer surplus in this market after trade is
A)A + B. 
B)A + B + C. 
C)B + C + D. 
D)A + B + C + D.

Quizplus · Accepted Answer

The producer surplus is represented by area A and the consumer surplus is represented by areas B + C + D. Therefore, the total surplus in the market after trade is equal to A + B + C + D, which is only represented by choice D.

Figure 9-11 -Refer to Figure 9-11.Producer Surplus Plus Consumer Surplus in This