Figure 9-18

question 243

Multiple Choice

Figure 9-18.On the diagram below,Q represents the quantity of peaches and P represents the price of peaches.The domestic country is Isoland.
-Refer to Figure 9-18.Suppose Isoland changes from a no-trade policy to a policy that allows international trade.If the world price of peaches is $3,then the policy change results in a

• A)$15.00 decrease in producer surplus.
• B)$45.00 increase in consumer surplus.
• C)$20.00 increase in total surplus.
• D)$12.50 increase in total surplus.

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Definitions:

Organ Systems

Groups of organs that work together to perform complex functions in an organism.

Ecosystem

A community of living organisms and their physical environment interacting as a system.

Physical Environment

The external surroundings and conditions in which an organism lives, including both natural and man-made factors.

Community

An interacting group of various species living in a common location.