Figure: Consumer and Producer Surplus
(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus.In the accompanying figure, an increase in supply will:
A.increase consumer surplus.
B.decrease producer surplus.
C.increase total surplus.
D.increase consumer surplus and total surplus.

Question

Figure: Consumer and Producer Surplus
   (Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus.In the accompanying figure, an increase in supply will: 
A.increase consumer surplus.
B.decrease producer surplus.
C.increase total surplus.
D.increase consumer surplus and total surplus.

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 accompanying figure, an increase in supply will: 
A.increase consumer surplus.
B.decrease producer surplus.
C.increase total surplus.
D.increase consumer surplus and total surplus.