Figure: Consumer and Producer Surplus
(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus.In the figure, if the price is held below the equilibrium price in this market, producer surplus and
total surplus _.
A.decreases; decreases
B.increases; stays the same
C.decreases; stays the same
D.increases; 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.In the figure, if the price is held below the equilibrium price in this market, producer surplus and
total surplus _.
A.decreases; decreases
B.increases; stays the same
C.decreases; stays the same
D.increases; decreases