Figure 7-6

-Refer to Figure 7-6.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.What would be the increase in producer surplus to producers already in the market
A)$90
B)$210
C)$360
D)$480

Question

Figure 7-6
​
 
-Refer to Figure 7-6.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.What would be the increase in producer surplus to producers already in the market
A)$90 
B)$210 
C)$360 
D)$480

Quizplus · Accepted Answer

The Answer of Figure 7-6
​
 
-Refer to Figure 7-6.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.What would be the increase in producer surplus to producers already in the market
A)$90 
B)$210 
C)$360 
D)$480

Figure 7-6 ​

Figure 7-6