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 is equal to
A)$210.
B)$360.
C)$480.
D)$570.

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 is equal to
A)$210. 
B)$360. 
C)$480. 
D)$570.

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 is equal to
A)$210. 
B)$360. 
C)$480. 
D)$570.

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