Figure 9.2.1 -Refer to Figure 9.2.1 Above. When the Minimum Imposed Price

Figure 9.2.1
-Refer to Figure 9.2.1 above. When the minimum imposed price is P₂, area C in the figure is best interpreted as:

A) the gain associated with the increase in price that producers receive.
B) the loss in producer surplus as a result of the decrease in quantity supplied.
C) a portion of the consumer surplus passed on to producers.
D) the loss in surplus associated with the cost of the additional resulting production.