Use the following to answer questions:
Figure: Consumer and Producer Surplus
-(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus. An increase in supply will:
A) increase consumer surplus.
B) decrease producer surplus.
C) increase total surplus.
D) increase consumer surplus and total surplus.

Question

Use the following to answer questions:
Figure: Consumer and Producer Surplus 
-(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus. An increase in supply will:
A) increase consumer surplus. 
B) decrease producer surplus. 
C) increase total surplus. 
D) increase consumer surplus and total surplus.

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The Answer of Use the following to answer questions:
Figure: Consumer and Producer Surplus 
-(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus. An increase in supply will:
A) increase consumer surplus. 
B) decrease producer surplus. 
C) increase total surplus. 
D) increase consumer surplus and total surplus.

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