Use the Following to Answer Question

question 223

Multiple Choice

Use the following to answer question:
-(Figure: The Market for iPhones) Use Figure: The Market for iPhones.Assume that P_A is the autarky price,P_W is the world price,and D and S represent domestic demand and supply,respectively.The loss of producer surplus when the market moves from autarky to free trade equals the area:

• A)B.
• B)B + C + D +E.
• C)B + C + D.
• D)E.