Figure 9-4 -Refer to Figure 9-4. Producer Surplus in This Market After

question 77

Multiple Choice

Figure 9-4
-Refer to Figure 9-4. Producer surplus in this market after trade is

• A)A.
• B)A + B.
• C)B + C + D.
• D)C.

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Definitions:

Standard of Value

A recognized measure that people use to set prices and make economic evaluations, such as a currency.

Finance Companies

Businesses that offer short-term loans at substantially higher rates of interest than banks.

Stocks and Bonds

Financial instruments; stocks represent ownership shares in a company, while bonds are loan agreements between the bond issuer and an investor.