Figure 9-6 -Refer to Figure 9-6.What Is the Increase in Total Surplus

question 141

Multiple Choice

Figure 9-6

-Refer to Figure 9-6.What is the increase in total surplus resulting from trade

• A)$0, since consumer surplus increases by $240 and producer surplus falls by $240
• B)$60, since consumer surplus increases by $180 and producer surplus falls by $240
• C)$60, since producer surplus increases by $240 and consumer surplus falls by $180
• D)$75, since consumer surplus increases by $240 and producer surplus falls by $165

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Definitions:

ART

Assisted Reproductive Technology; a range of medical procedures used to treat infertility that involve the manipulation of sperm and eggs or embryos outside the body.

Biological Child

A child resulting from the genetic contribution of its parents, as opposed to being adopted or fostered.

Adoption

The legal process by which an individual or couple becomes the legal and permanent parent(s) of a child.

Surrogacy

The process where a woman carries and gives birth to a child on behalf of another person or couple.