Figure 7-1 Figure 7-1 Shows the U

Multiple Choice

Figure 7-1 Figure 7-1 shows the U.S.demand and supply for leather footwear.
-Refer to Figure 7-1.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