Assume the market depicted in the graph is in equilibrium at demand (D) and supply (S₁). If the supply curve shifts to S₂, and a new equilibrium is reached, which of the following is true? A) Total surplus decreases by $90. B) Total surplus decreases by $10. C) Total surplus increases by $250. D) Total surplus increases by $90.

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The Answer of Assume the market depicted in the graph is in equilibrium at demand (D) and supply (S₁). If the supply curve shifts to S₂, and a new equilibrium is reached, which of the following is true? A) Total surplus decreases by $90. B) Total surplus decreases by $10. C) Total surplus increases by $250. D) Total surplus increases by $90.

Assume the Market Depicted in the Graph Is in Equilibrium