(Figure: Market for Enplanements) from the Year 2000 to 2001

question 92

Multiple Choice

(Figure: Market for Enplanements) From the year 2000 to 2001, 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. In 2001, 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.