Refer to the graph shown. After an increase in supply, the market is in equilibrium where the demand curve intersects S₁. In this new equilibrium, consumer surplus is equal to: A) 1,260. B) 1,500. C) 2,700. D) 2,940.

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The Answer of Refer to the graph shown. After an increase in supply, the market is in equilibrium where the demand curve intersects S₁. In this new equilibrium, consumer surplus is equal to: A) 1,260. B) 1,500. C) 2,700. D) 2,940.

Refer to the Graph Shown