Which of the Following Events Would Increase Producer Surplus

question 49

Multiple Choice

Which of the following events would increase producer surplus?

• A) Sellers' costs stay the same and the price of the good increases.
• B) Sellers' costs increase and the price of the good stays the same.
• C) Sellers' costs increase and the price of the good decreases.
• D) All of the above are correct.

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Definitions:

Fifteenth Amendment

An amendment to the U.S. Constitution, ratified in 1870, that prohibits the federal and state governments from denying a citizen the right to vote based on that citizen's "race, color, or previous condition of servitude."

NAACP

Founded in 1909, the National Association for the Advancement of Colored People is a civil rights group established to combat racism, lynching, and the segregation laws known as Jim Crow, aiming to improve the lives of people of color.

The Crisis

The Crisis refers to the official magazine of the NAACP, founded in 1910, which was a major outlet for African-American political and cultural discourse in the early 20th century.

Progressivism

A political and social philosophy advocating for reform and improvement through governmental action.