Figure 9-1 Figure 9-1 Shows the U.S. Demand and Supply for Leather

Multiple Choice

Figure 9-1

Figure 9-1 shows the U.S. demand and supply for leather footwear.
-Refer to Figure 9-1.Under autarky,the equilibrium price is ________,the consumer surplus is ________ and the producer surplus is ________.

A) $30; consumer surplus = area R; producer surplus = area S + V
B) $30; consumer surplus = area R + S + V; producer surplus = area T + W+ X
C) $24; consumer surplus = area R + S; producer surplus = area V
D) $30; consumer surplus = area R; producer surplus = area S + T + V + W + X