-Refer to Exhibit 34-8.Assume that the current price of sugar in the United States is $300 per ton (which includes a $100 per ton tariff on sugar imports).Consumers' surplus is equal to the area __________ while producers' surplus is equal to the area __________.
A) A + B + C + D + E + F; G + H + I + J + K
B) A + C + G; B + D + E + F
C) A + B; C + G
D) A + C; G
E) A + C; B + D + E + F

Question

-Refer to Exhibit 34-8.Assume that the current price of sugar in the United States is $300 per ton (which includes a $100 per ton tariff on sugar imports).Consumers' surplus is equal to the area __________ while producers' surplus is equal to the area __________.
A) A + B + C + D + E + F; G + H + I + J + K 
B) A + C + G; B + D + E + F 
C) A + B; C + G 
D) A + C; G 
E) A + C; B + D + E + F

Quizplus · Accepted Answer

The Answer of 
-Refer to Exhibit 34-8.Assume that the current price of sugar in the United States is $300 per ton (which includes a $100 per ton tariff on sugar imports).Consumers' surplus is equal to the area __________ while producers' surplus is equal to the area __________.
A) A + B + C + D + E + F; G + H + I + J + K 
B) A + C + G; B + D + E + F 
C) A + B; C + G 
D) A + C; G 
E) A + C; B + D + E + F