According to the graph shown, if the market goes from equilibrium to having its price set at $10:
A) area (C +
E) becomes deadweight loss.
B) area (
B) transfers from consumer surplus to producer surplus.
C) $12 of surplus transfers from consumers to producers.
D) All of these are correct.

Question

According to the graph shown, if the market goes from equilibrium to having its price set at $10:
A) area (C + 
E) becomes deadweight loss. 
B) area (
B) transfers from consumer surplus to producer surplus. 
C) $12 of surplus transfers from consumers to producers. 
D) All of these are correct.

Quizplus · Accepted Answer

The Answer of  According to the graph shown, if the market goes from equilibrium to having its price set at $10:
A) area (C + 
E) becomes deadweight loss. 
B) area (
B) transfers from consumer surplus to producer surplus. 
C) $12 of surplus transfers from consumers to producers. 
D) All of these are correct.

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