Figure 9-17 -Refer to Figure 9-17.Without Trade,consumer Surplus Is

question 52

Multiple Choice

Figure 9-17
-Refer to Figure 9-17.Without trade,consumer surplus is

• A)$400 and producer surplus is $200.
• B)$400 and producer surplus is $800.
• C)$1,600 and producer surplus is $200.
• D)$1,600 and producer surplus is $800.

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Definitions:

Oceanic Crust

The part of the Earth's crust that underlies the ocean basins, composed mainly of basaltic rock.

First Second

The initial moment or beginning point of a measured time period.

Global Climate

The long-term pattern of weather conditions across the entire Earth, including temperature, precipitation, and wind patterns.

Continents

Large, continuous areas of land on Earth, of which there are conventionally seven.