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question 223

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Use the following to answer question: Use the following to answer question:   -(Figure: The Market for iPhones) Use Figure: The Market for iPhones.Assume that P<sub>A</sub> is the autarky price,P<sub>W</sub> 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.
-(Figure: The Market for iPhones) Use Figure: The Market for iPhones.Assume that PA is the autarky price,PW 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:


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