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

question 90

Multiple Choice

According to the graph shown,if the market goes from equilibrium to having its price set at $10 then:

• A) $12 gets transferred from consumer surplus to producer surplus.
• B) area C is lost consumer surplus due to fewer transactions taking place.
• C) area E is lost producer surplus due to fewer transactions taking place.
• D) All of these are true.

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