If a Market Is Allowed to Move Freely to Its

question 187

Multiple Choice

If a market is allowed to move freely to its equilibrium price and quantity,what will be the result of an increase in demand on producer surplus and consumer surplus

• A)increased producer surplus and reduced consumer surplus
• B)reduced producer surplus and reduced consumer surplus
• C)increased producer surplus and increased change in consumer surplus
• D)reduced producer surplus and uncertain change in consumer surplus

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