The Following Figure Shows the Demand and Supply for a Commodity

question 2

Multiple Choice

The following figure shows the demand and supply for a commodity in the domestic U.S.market as well as the global market.The commodity is imported from the rest of the world to the U.S.market.
Figure 10-3
-In Figure 10-3,trade increases consumer surplus in the U.S.by _____.

• A)P₃EKP₂
• B)P₃EP₀
• C)EKL
• D)P₂LMP₁

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Definitions:

Nitrile

Organic compounds that contain a cyano group (-C≡N) attached to an alkyl group, used in the manufacture of rubbers, resins, and pharmaceuticals.

Amide

Organic compounds characterized by a carbonyl group attached to a nitrogen atom, often found in proteins and other important biological molecules.

Stereochemistry

An area of chemistry concerned with the three-dimensional arrangement of atoms in molecules and its impact on their chemical reactions and properties.

Esters

Organic compounds derived from carboxylic acids where the hydrogen in the hydroxyl group is replaced by an alkyl or aryl group, often responsible for the aroma of fruits.