What Happens to the Amount of Consumer Surplus and Producer

question 169

Multiple Choice

What happens to the amount of consumer surplus and producer surplus when the supply of scarves suddenly declines (shifts left) ?

• A) Producer surplus declines and consumer surplus is unchanged.
• B) Consumer surplus declines and producer surplus is unchanged.
• C) Consumer surplus declines and producer surplus declines.
• D) Consumer surplus is unchanged and producer surplus is unchanged.
• E) Producer surplus increases and consumer surplus increases.

---

Definitions:

Job Interview

A job interview is a formal meeting in which a potential employer evaluates a candidate's qualifications for a position.

Readability

The measure of how easy it is for a reader to understand and comprehend a written text.

Wordy Prepositional Phrase

A wordy prepositional phrase is an overly elongated phrase consisting of prepositions and their objects, which could be shortened without losing meaning, often making the sentence clearer and more concise.

Concise Wording

The use of brief and direct language to convey a message clearly and without unnecessary words.