Figure: Consumer and Producer Surplus
(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus.If the price is held above equilibrium in this market, compared with the equilibrium price, consumer surplus
________ and total surplus _.
A.increases; decreases decreases;
B.stays the same increases;
C.stays the same
D.decreases; decreases

Question

Quizplus · Accepted Answer

The Answer of Figure: Consumer and Producer Surplus
(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus.If the price is held above equilibrium in this market, compared with the equilibrium price, consumer surplus
________ and total surplus _.
A.increases; decreases decreases;
B.stays the same increases;
C.stays the same
D.decreases; decreases