Consider a Market That Is Currently in Equilibrium

question 7

Multiple Choice

Consider a market that is currently in equilibrium. If the demand curve shifts to the right and a new equilibrium is reached:

• A) total surplus will increase.
• B) consumer surplus may increase or decrease.
• C) producer surplus will increase.
• D) producer surplus will decrease.

---

Definitions:

Legal Issues

Matters that involve the interpretation and application of laws.

Behavior Affects

How actions or conduct influence the feelings, thoughts, or actions of oneself or others.

Fear Of Failure

The fear that occurs when people are afraid of looking bad in front of others.

Success Feeling

The sense of achievement or fulfillment that comes from accomplishing goals or overcoming challenges.