The Following Figure Shows the Intersection of the Demand and Supply

question 88

Multiple Choice

The following figure shows the intersection of the demand and supply curves for a commodity in the domestic market at price P₂ and quantity Q₂,in the absence of trade.With trade,the supply curve shifts to Supply_trade.
Figure 10-4
-Refer to Figure 10-4.In the absence of trade,the total consumer surplus is given by _____.

• A)a + b + c + g + f
• B)a + b + c + d
• C)d + b + c
• D)a + b + c

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Definitions:

Years

Units of time equivalent to 365 or 366 days, used in measuring duration and age, among other things.

Secondary Sex Characteristics

Physical features that distinguish the two sexes from each other, apart from the reproductive organs, that emerge during puberty.

Tertiary Sex Characteristics

Characteristics not directly involved in reproduction but which differentiate between the sexes, such as voice pitch or hair patterns; this term is not strictly used in scientific literature and could be considered incorrect.

Broadening Shoulders

A metaphor for taking on more responsibilities or preparing to handle more challenges.