Use the Following to Answer Question

question 61

Multiple Choice

Use the following to answer question:
Figure 3.5
-(Figure 3.5) After September 11, the demand curve for air travel shifted inward, from D₂₀₀₀ to D₂₀₀₁. In 2000 the equilibrium price and quantity were $122.22 and 148.9 million enplanements, respectively. After September 11, the equilibrium price and quantity fell to $104.82 and 123.6 million enplanements, respectively. The loss in producer surplus attributable to the decrease in demand is equal to area:

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

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