Figure 7-17
-Refer to Figure 7-17.If the demand curve is D and the supply curve shifts left from S to S',what is the change in producer surplus when comparing the new equilibrium with the original equilibrium?
A)Producer surplus increases by $225.
B)Producer surplus increases by $675.
C)Producer surplus decreases by $225.
D)Producer surplus decreases by $675.

Question

Figure 7-17 
-Refer to Figure 7-17.If the demand curve is D and the supply curve shifts left from S to S',what is the change in producer surplus when comparing the new equilibrium with the original equilibrium?
A)Producer surplus increases by $225. 
B)Producer surplus increases by $675. 
C)Producer surplus decreases by $225. 
D)Producer surplus decreases by $675.

Quizplus · Accepted Answer

The Answer of Figure 7-17 
-Refer to Figure 7-17.If the demand curve is D and the supply curve shifts left from S to S',what is the change in producer surplus when comparing the new equilibrium with the original equilibrium?
A)Producer surplus increases by $225. 
B)Producer surplus increases by $675. 
C)Producer surplus decreases by $225. 
D)Producer surplus decreases by $675.

Figure 7-17 -Refer to Figure 7-17.If the Demand Curve Is D and Is