Figure 7-18 -Refer to Figure 7-18.Assume Demand Increases and as a Result,equilibrium

question 158

Multiple Choice

Figure 7-18

-Refer to Figure 7-18.Assume demand increases and as a result,equilibrium price increases to $22 and equilibrium quantity increases to 110.The increase in producer surplus due to new producers entering the market would be

• A) $90.
• B) $210.
• C) $360.
• D) $480.

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