Figure 7-9

-Refer to Figure 7-9.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus due to new producers entering the market would be equal to
A)$90.
B)$210.
C)$360.
D)$480.

Question

Figure 7-9
 
-Refer to Figure 7-9.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus due to new producers entering the market would be equal to
A)$90. 
B)$210. 
C)$360. 
D)$480.

Quizplus · Accepted Answer

The Answer of Figure 7-9
 
-Refer to Figure 7-9.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus due to new producers entering the market would be equal to
A)$90. 
B)$210. 
C)$360. 
D)$480.

Figure 7-9 -Refer to Figure 7-9.Assume Demand Increases and as a Result,equilibrium