Use the following to answer question:
Figure 3.6
-(Figure 3.6) An increase in demand caused consumer surplus to change from _____ to _____.
A) $16; $36
B) $8; $12
C) $8,000; $12,000
D) $4,000; $9,000

Question

Use the following to answer question:
Figure 3.6 
-(Figure 3.6) An increase in demand caused consumer surplus to change from _____ to _____.
A) $16; $36 
B) $8; $12 
C) $8,000; $12,000 
D) $4,000; $9,000

Quizplus · Accepted Answer

From the graph, we can see that an increase in demand causes the demand curve to shift to the right, leading to an increase in both consumer surplus and producer surplus. The original consumer surplus is $4,000, and the new consumer surplus is $9,000. Therefore, the correct answer is choice D, $4,000 to $9,000.

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