-Refer to the Diagram Above

question 6

Multiple Choice

-Refer to the diagram above.Which of the following will result in the largest increase in consumer surplus?

• A) A downward shift of the supply curve.
• B) An increase in the cost of production.
• C) A decrease in labour productivity.
• D) An increase in the wage rate in this particular market.
• E) Supply becoming more and more inelastic as prices increase above OB.