According to the graph shown, if the market goes from equilibrium to having its price set at $10, how will surplus transfer?
A)$12 transfers from consumer surplus to producer surplus.
B)$12 transfers from producer surplus to consumer surplus.
C)All consumer surplus lost is gained by producers.
D)All producer surplus lost is gained by consumers.

Question

According to the graph shown, if the market goes from equilibrium to having its price set at $10, how will surplus transfer?
A)$12 transfers from consumer surplus to producer surplus. 
B)$12 transfers from producer surplus to consumer surplus. 
C)All consumer surplus lost is gained by producers. 
D)All producer surplus lost is gained by consumers.

Quizplus · Accepted Answer

The Answer of  According to the graph shown, if the market goes from equilibrium to having its price set at $10, how will surplus transfer?
A)$12 transfers from consumer surplus to producer surplus. 
B)$12 transfers from producer surplus to consumer surplus. 
C)All consumer surplus lost is gained by producers. 
D)All producer surplus lost is gained by consumers.

According to the Graph Shown, If the Market Goes from Equilibrium