The Following Figure Shows the Demand Curve, D, and the Supply

question 31

Multiple Choice

The following figure shows the demand curve, D, and the supply curve, S, for calculators in Barylia. The world price of calculators is $40.

-Refer to the figure above.What is the consumer surplus before Barylia opens up to free trade?

• A) $250
• B) $300
• C) $350
• D) $400

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Definitions:

Capital Shares

Equity securities that represent ownership in a corporation, entitling the shareholder to a share of the company's profits.