Consider a market that is currently in equilibrium. If the demand curve shifts to the right and a new equilibrium is reached:
A) total surplus will increase.
B) consumer surplus may increase or decrease.
C) producer surplus will increase.
D) producer surplus will decrease.

Question

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The Answer of Consider a market that is currently in equilibrium. If the demand curve shifts to the right and a new equilibrium is reached:
A) total surplus will increase.
B) consumer surplus may increase or decrease.
C) producer surplus will increase.
D) producer surplus will decrease.

Consider a Market That Is Currently in Equilibrium