Figure 7-15
-Refer to Figure 7-15.When the price falls from P2 to P1,producer surplus
A)decreases by an amount equal to C.
B)decreases by an amount equal to A+B.
C)decreases by an amount equal to A+C.
D)increases by an amount equal to A+B.

Question

Figure 7-15 
-Refer to Figure 7-15.When the price falls from P2 to P1,producer surplus
A)decreases by an amount equal to C. 
B)decreases by an amount equal to A+B. 
C)decreases by an amount equal to A+C. 
D)increases by an amount equal to A+B.

Quizplus · Accepted Answer

The Answer of Figure 7-15 
-Refer to Figure 7-15.When the price falls from P2 to P1,producer surplus
A)decreases by an amount equal to C. 
B)decreases by an amount equal to A+B. 
C)decreases by an amount equal to A+C. 
D)increases by an amount equal to A+B.

Figure 7-15 -Refer to Figure 7-15.When the Price Falls from P2 to from P2