If there is an increase in demand, assuming a positively sloped supply curve and a negatively sloped demand curve, total surplus:
A) will increase.
B) will decrease.
C) will remain the same.
D) may change, but we can't tell how.

Question

Quizplus · Accepted Answer

An increase in demand typically leads to a higher equilibrium price and quantity, which increases total surplus as both consumer and producer surplus generally rise.

If There Is an Increase in Demand, Assuming a Positively