Assume the market shown in the graph is in equilibrium at demand (D)and supply (S₁). If the supply curve shifts to S₂, total surplus falls by: A)$50. B)$75. C)$150. D)$200.

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The Answer of Assume the market shown in the graph is in equilibrium at demand (D)and supply (S₁). If the supply curve shifts to S₂, total surplus falls by: A)$50. B)$75. C)$150. D)$200.

Assume the Market Shown in the Graph Is in Equilibrium