Assume the market depicted in the graph is in equilibrium. If supply increases:
A)consumer surplus will increase.
B)producer surplus will increase.
C)total surplus will increase.
D)quantity will increase.

Question

Assume the market depicted in the graph is in equilibrium. If supply increases:
A)consumer surplus will increase. 
B)producer surplus will increase. 
C)total surplus will increase. 
D)quantity will increase.

Quizplus · Accepted Answer

The Answer of  Assume the market depicted in the graph is in equilibrium. If supply increases:
A)consumer surplus will increase. 
B)producer surplus will increase. 
C)total surplus will increase. 
D)quantity will increase.

Assume the Market Depicted in the Graph Is in Equilibrium