If a market is allowed to move freely to its equilibrium price and quantity,what will be the result of an increase in demand on producer surplus and consumer surplus
A)increased producer surplus and reduced consumer surplus
B)reduced producer surplus and reduced consumer surplus
C)increased producer surplus and increased change in consumer surplus
D)reduced producer surplus and uncertain change in consumer surplus

Question

Quizplus · Accepted Answer

The Answer of If a market is allowed to move freely to its equilibrium price and quantity,what will be the result of an increase in demand on producer surplus and consumer surplus
A)increased producer surplus and reduced consumer surplus
B)reduced producer surplus and reduced consumer surplus
C)increased producer surplus and increased change in consumer surplus
D)reduced producer surplus and uncertain change in consumer surplus

If a Market Is Allowed to Move Freely to Its