Figure: Foreign Trade Reference: Ref 9-3 (Figure: Foreign Trade)

question 54

Multiple Choice

Figure: Foreign Trade Reference: Ref 9-3 (Figure: Foreign Trade) Refer to the figure. What is the dollar value of the consumer surplus that consumers could gain if the trade restriction were removed?

• A) $35,000
• B) $22,500
• C) $30,000
• D) $25,000

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