Figure 5 Price (dollars) $40 Domestic Supply $20 World Price $15 $5 Domestic Demand 50,000 93,750 Quantity of 75,000 wheelbarrows 50) Figure 5 depicts the domestic market for wheelbarrows in Nigeria. Assume that Nigeria is small enough that it cannot influence the world price for wheelbarrows. Given the ability to trade internationally, what is the total surplus in the wheelbarrow market in Nigeria? a. $1,171,875 a. $1,421,875 b. $1,312,500 c. $750,000 d. $312,500

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