-Refer to the Diagram Above

question 13

Multiple Choice

-Refer to the diagram above.If this country opens up to international trade in shoes at the world price,then consumer surplus in equilibrium is equal to ____________________ per year.

• A) $10,000
• B) $15,625
• C) $20,000
• D) $22,500
• E) $45,000

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Definitions:

NaBH4

Sodium borohydride (NaBH4) is a reducing agent commonly used in organic synthesis to reduce aldehydes and ketones to alcohols.

Raney Nickel

A finely divided nickel alloy used as a catalyst in hydrogenation and other chemical reactions.

MgBr

Magnesium bromide is a chemical compound consisting of magnesium and bromine, often used in organic synthesis as a Grignard reagent.

Organic Product(s)

Substances derived from living organisms or containing carbon compounds.