Refer to Scenario 7-2. Suppose a reduction in input prices shifts the market supply curve to
$$Q ^ { S } = P$$ By how much does total consumer surplus increase for those consumers who were already willing to purchase the good with the original supply curve?

Question

Refer to Scenario 7-2. Suppose a reduction in input prices shifts the market supply curve to
 $$Q ^ { S } = P$$ By how much does total consumer surplus increase for those consumers who were already willing to purchase the good with the original supply curve?

Quizplus · Accepted Answer

The Answer of Refer to Scenario 7-2. Suppose a reduction in input prices shifts the market supply curve to
 $$Q ^ { S } = P$$ By how much does total consumer surplus increase for those consumers who were already willing to purchase the good with the original supply curve?

Refer to Scenario 7-2 QS=PQ ^ { S } = PQS=P

Refer to Scenario 7-2 $Q ^ { S } = P$