Figure 9-4 Figure 9-4 Shows the U

Multiple Choice

Figure 9-4 Figure 9-4 shows the U.S. demand and supply for leather footwear.
-Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. The market price falls to $24. What area represents domestic producer surplus?

A) T + U
B) V
C) V + W + X + Y
D) W + X + Y