Refer to the figure above. What is the consumer surplus after Lithasia opens up to free trade?

Exhibit 4-10 Supply and demand data for apricots Bushels demandedper month Price perbushel Bushels suppliedper month 50 $5 80 55   4 75 60   3 70 65   2 65 70   1 55 In Exhibit 4-10, assume that the government initially sets a price floor of $4 for apricots, and then removes the $4 price floor. What effect will this price change have?

A. The price of apricots will rise. B. The quantity of apricots demanded will fall. C. The quantity of apricots supplied will decline. D. Quantity supplied will continue to exceed quantity demanded.

Network effects occur when the value of a platform to its users changes as the number of users rises.

Answer the following statement true (T) or false (F)