Suppose the domestic supply and demand curves for skateboards in the United States are given by the following set of equations:
QS = -60 + 3P
QD = 390 - 2P
2.4. The opening of free trade with an international price for skateboards of $75 will lead to a change in consumer surplus of ____.
A. +$3,375
B. -$3,375
C. +$6,300
D. -$6,300
QS = -60 + 3P
QD = 390 - 2P
2.4. The opening of free trade with an international price for skateboards of $75 will lead to a change in consumer surplus of ____.
A. +$3,375
B. -$3,375
C. +$6,300
D. -$6,300