Answer the question(s)below based upon the following diagram.Note that Q is measured in 1,000s.

-Refer to the figure above.With free trade,the total value of imports would equal
A)$10.
B)$100,000.
C)$200,000
D)$300,000.

Question

Answer the question(s)below based upon the following diagram.Note that Q is measured in 1,000s.
 
-Refer to the figure above.With free trade,the total value of imports would equal
A)$10. 
B)$100,000. 
C)$200,000 
D)$300,000.

Quizplus · Accepted Answer

Under free trade, the total value of imports is represented by the area of triangle DEF. Using the formula for the area of a triangle, we get:

Area of triangle DEF = (base * height) / 2 
= (200 * 1,000) / 2 
= 100,000

Therefore, the total value of imports would be $100,000. The correct answer is option C.

Answer the Question(s)below Based Upon the Following Diagram