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

question 120

Multiple Choice

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.

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