Use the Following to Answer Question

question 199

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.Consumer surplus in free trade equals the area:

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

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