Figure 7-9 -Refer to Figure 7-9.If the Supply Curve Is S and Curve

question 234

Multiple Choice

Figure 7-9

-Refer to Figure 7-9.If the supply curve is S and the demand curve shifts from D to D',what is the increase in producer surplus due to new producers entering the market?

• A) $625
• B) $2,500
• C) $3,125
• D) $5,625

---

Definitions:

Multiple Intelligences

A theory that suggests people have different kinds of intelligences, including linguistic, logical-mathematical, spatial, and others.

Interpersonal

Pertaining to the relationships or interactions between individuals.

Variability

The measure of how much data points in a set differ from the average or mean value.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values around the mean, used to understand how spread out the data points are.