Refer to Figure 9-2. With free trade, what would consumer surplus in China be? $1600 $900 $400 $800 Another value (not listed here)

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
Section: Chapter Questions
Problem 9PA
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Question
Price of
Pencil
Sharpeners
$24
16
12
4
200 300
450
Domestic
Supply
World
Price
Domestic
Demand
Quantity of
Pencil
Sharpeners
Transcribed Image Text:Price of Pencil Sharpeners $24 16 12 4 200 300 450 Domestic Supply World Price Domestic Demand Quantity of Pencil Sharpeners
Refer to Figure 9-2. With free trade, what would consumer surplus in China be?
$1600
$900
$400
$800
Another value (not listed here)
Transcribed Image Text:Refer to Figure 9-2. With free trade, what would consumer surplus in China be? $1600 $900 $400 $800 Another value (not listed here)
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