Assume the market depicted in the graph is in equilibrium. If supply increases:
A) consumer surplus will increase.
B) producer surplus will increase.
C) total surplus will increase.
D) quantity will increase.

Question

Assume the market depicted in the graph is in equilibrium. If supply increases:
A) consumer surplus will increase. 
B) producer surplus will increase. 
C) total surplus will increase. 
D) quantity will increase.

Quizplus · Accepted Answer

The Answer of  Assume the market depicted in the graph is in equilibrium. If supply increases:
A) consumer surplus will increase. 
B) producer surplus will increase. 
C) total surplus will increase. 
D) quantity will increase.

Assume the Market Depicted in the Graph Is in Equilibrium