Figure 7-18

-Refer to Figure 7-18.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus to producers already in the market would be
A) $90.
B) $210.
C) $360.
D) $480.

Question

Figure 7-18
 
-Refer to Figure 7-18.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus to producers already in the market would be
A) $90. 
B) $210. 
C) $360. 
D) $480.

Quizplus · Accepted Answer

The Answer of Figure 7-18
 
-Refer to Figure 7-18.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus to producers already in the market would be
A) $90. 
B) $210. 
C) $360. 
D) $480.

Figure 7-18 -Refer to Figure 7-18.Assume Demand Increases and as a Result,equilibrium