Use the Following to Answer Questions

question 98

Multiple Choice

Use the following to answer questions:
Figure: International Trade 4
-(Figure: International Trade 4) Refer to the figure. If, in this figure, the government allowed free trade, consumer surplus would:

• A) increase by $118.
• B) increase by $31.50.
• C) decrease by $81.
• D) increase by $66.50.

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Definitions:

Equivalent

Denoting entities, ideas, or statements that have the same value, meaning, or function in a particular context.

Propositions

Statements or assertions that express a judgement or opinion, which can be either true or false.

Propositions

Statements that can be either true or false, serving as the basic blocks of arguments in logic.

Equivalent

Having equal value, function, or meaning in a given context.