Figure 9-28 The Following Diagram Shows the Domestic Demand and Domestic Supply

question 25

Short Answer

Figure 9-28
The following diagram shows the domestic demand and domestic supply curves in a market.
-Refer to Figure 9-28.Suppose the world price in this market is $6.If the country allows free trade,how much is consumer surplus?

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Definitions:

Unconscious Mind

A part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Displacement

In Freudian psychology, the unconscious shifting of an impulse or emotion from its original object to another object.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to someone else.

Rationalisation

A psychological strategy where questionable actions or emotions are rationalized in a way that appears logical, to sidestep the real reasons behind them.