According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:
A) $12 gets transferred from consumer to producer in surplus.
B) $12 gets transferred from producer to consumer in surplus.
C) all consumer surplus lost is gained by producers.
D) all producer surplus lost is gained by consumers.

Question

According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:
A) $12 gets transferred from consumer to producer in surplus. 
B) $12 gets transferred from producer to consumer in surplus. 
C) all consumer surplus lost is gained by producers. 
D) all producer surplus lost is gained by consumers.

Quizplus · Accepted Answer

The Answer of  According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:
A) $12 gets transferred from consumer to producer in surplus. 
B) $12 gets transferred from producer to consumer in surplus. 
C) all consumer surplus lost is gained by producers. 
D) all producer surplus lost is gained by consumers.

According to the Graph Shown, If the Market Goes from Equilibrium