Figure 7-22
-Refer to Figure 7-22.Assume demand increases,which causes the equilibrium price to increase from $50 to $70.The increase in producer surplus due to new producers entering the market would be
A)$400.
B)$800.
C)$1,200.
D)$900.

Question

Figure 7-22 
-Refer to Figure 7-22.Assume demand increases,which causes the equilibrium price to increase from $50 to $70.The increase in producer surplus due to new producers entering the market would be
A)$400. 
B)$800. 
C)$1,200. 
D)$900.

Quizplus · Accepted Answer

The Answer of Figure 7-22 
-Refer to Figure 7-22.Assume demand increases,which causes the equilibrium price to increase from $50 to $70.The increase in producer surplus due to new producers entering the market would be
A)$400. 
B)$800. 
C)$1,200. 
D)$900.

Figure 7-22 -Refer to Figure 7-22.Assume Demand Increases,which Causes the Equilibrium Price